Japan Reforms Its Official Development Assistance (ODA) System
21.05.2025 20:31:49 15556
Japan Reforms Its Official Development Assistance (ODA) System
Japan has updated its ODA legislation to use the budget more efficiently and attract private investment to address global challenges: climate change, poverty reduction, and human rights protection.
📅 As of April 2025, a new law has come into force, granting JICA the following powers:
— Support the issuance of bonds, including green projects
— Provide credit guarantees for small businesses
— Receive loans from international financial institutions
— Return or reallocate unused funds
Japan considers ODA a key diplomatic tool — especially in promoting the concept of a "Free and Open Indo-Pacific" in response to China's growing regional influence.
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Source : https://www.gov.kz/memleket/entities/kazaid/press/news/details/998324?lang=kk