From Wikipedia, the free encyclopedia
Japan has three government institutions involved in disbursing foreign aid: the Japan International Cooperation Agency (JICA), the Overseas Economic Cooperation Fund (OECF), and the Japan Export-Import Bank (Exim Bank). JICA is responsible for technical cooperation; the OECF is responsible for soft loans; and the Exim Bank has not only a trade-financing role but also has become increasingly involved in lending for aid programs. The Exim Bank, for example, was the government agency chosen to carry out US$10 billion in cofinancing with the World Bank and the International Monetary Fund (IMF) in the 1989 Brady Plan for partial relief of Mexico's international debt.
In 1999 the Japanese Exim Bank and the OECF were merged to form the Japanese Bank of International Cooperation (JBIC). This is now the nodal agency for all Japanese concessional loans.
