Japan International Cooperation Agency

JUL 19

Preliminary   > International Relations   >   International Institutions   >   Development Banks

Why in news?

  • The Japan International Cooperation Agency (JICA) has sanctioned a soft loan to the Gujarat forest department for a project — Ecosystem Restoration in Gujarat — worth Rs 905 crore.

About JICA:

  • The Japan International Cooperation Agency is a governmental agency that coordinates Official Development Assistance (ODA) for the government of Japan.
  •  It is chartered with assisting economic and social growth in developing countries, and the promotion of international cooperation.
  • According to the OECD, in 2019 official development assistance from Japan increased 7.5% to USD 15.5 billion.
  • Apart from financial assistance JICA also provides technical training for participants from the developing countries in a wide range of fields, including medical, industrial, and agricultural training.

Major Projects in India:

  • Western Dedicated Freight Corridor Project
  • New and Renewable Energy Development Project
  • Mumbai, Chennai, Kolkata, Ahmedabad metro projects
  • Ganga, Yamuna Action Plan Projects

Prelims Question

Consider the following statements regarding “Japan International Cooperation Agency”:
1.It provides financial assistance to Dedicated Freight corridor Project.
2.It is an agency of government of Japan.
Which of the statements given above is/are correct?
(a)1 only
(b)2 only
(c)Both 1 and 2
(d)Neither 1 nor 2

Answer to prelims question