JAPANESE DEVELOPMENT SUPPORT.
Between 2008 and 2018, Japan provided $102m to UN peace and security programmes, including almost $54m to the United Nations Development Programme (UNDP) in order to reinforce PKO training centres in Africa.
Tokyo has promoted cooperation between different Japanese development bodies--both with each other and with other organisations. For instance, JICA works closely with the Japan Bank for International Cooperation (JBIC) and also has a cooperation agreement with the NEPAD relating to infrastructural projects and agricultural development.
In May, the JBIC, the Nippon Export and Investment Insurance (NEXI) and several private financial institutions agreed to provide the Eastern and Southern African Trade and Development Bank with a 20year $350m export credit line.
The money will be used to finance machinery and equipment imports from Japanese companies. JBIC says: "This credit line is being set up to financially support the efforts of Japanese companies and their overseas affiliates to expand exports to this region. It is also expected to help further strengthen the economic relationship between Japan and Sub-Saharan Africa."
NEXI is expected to sign a memorandum of understanding with the African Trade Insurance Agency and Islamic Development Bank at TICAD 7 to provide 100% trade insurance for infrastructure projects in Africa. The facility is expected to be launched by the end of this year, with NEXI providing 85-90% coverage, with the remainder supplied by the other two agencies.
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|Title Annotation:||Special Report: Japan: Africa|
|Date:||Aug 1, 2019|
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