The Japan Fund for Information and Communication Technology, established by the Government of Japan and the Asian Development Bank (ADB) in July 2001, aimed to help ADB's developing member countries improve their ICT capacities, and thus accelerate social and economic development, improve governance, and reduce poverty in the Asia and Pacific region. From a contribution of about $10 million from the Government of Japan, the fund was able to support 13 projects which are now all physically completed.

Japans System of Official Development Assistance

Infrastructure is essential for development. This report presents a snapshot of the current condition of developing Asia's infrastructure---defined here as transport, power, telecommunications, and water supply and sanitation. It examines how much the region has been investing in infrastructure and what will likely be needed through 2030. Finally, it analyzes the financial and institutional challenges that will shape future infrastructure investment and development.

The staff report for the 2010 Article IV Consultation underlies that in recent years, Mongolia’s economy has performed quite well. The inflation pressures reflected a relaxation of monetary and fiscal policies and large increases in prices for food and fuel. The debt service burden and international reserves are expected to remain at comfortable levels. Executive Directors welcomed the authorities’ purpose to review plans for the establishment of a development bank, taking account of the know-how elsewhere so as to avoid creating unfair competition in the financial sector.