ENB:05:12
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JAPAN:
Parliamentary Vice Minister Kei Ooma said that each
nation needs to follow up UNCED and report to the CSD Secretariat.
The CSD must maintain close contact and coordination with relevant
UN organizations to ensure effective UNCED follow-up and to be a
forum for collective dialogue on the promotion of sustainable
development without idle polemics. The Japanese "Funds for
Development" initiative will provide approximately $70 billion in
untied ODA funds out of a total of $120 billion in financial
cooperation to developing countries over five years. Japan is
participating actively in the GEF, which should be the central
financial mechanism for the effort to tackle global environmental
problems.