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Japan unleashes world's largest bilateral agency
30 September 2008
The Japan International Cooperation Agency (JICA) has revealed its merger with the Japan Bank for International Cooperation (JBIC) to create a unified agency, as its president states her commitment to Africa.
JICA – the Japan International Cooperation Agency
– has become the world's largest bilateral development
agency following the merger with the overseas economic
cooperation section of the Japan Bank for International
Under its new guise JICA will take over the soft loans
formerly dispensed by JBIC and the grant aid dispersed by
Japan's Foreign Ministry. For the first time, one Japanese
agency will provide technical assistance, soft loans and grant
With an estimated $10.3 billion of available financial
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