Since 2014, the Japan International Cooperation Agency (JICA) and the World Bank Group have held an annual high-level dialogue called “Deep Dive” to promote collaboration between headquarters and the field level through dialogue on priority themes.
On September 18, 2024, during his visit to the United States, President Tanaka met with World Bank Group President Banga (10th Deep Dive), led by World Bank Vice President and JICA Board Member level, on two particularly important issues under the complex crisis, “Global Health” and “Private Sector Finance”. The outcomes of the exchange of views over the past six months were confirmed as follows.
In the area of global health, the two institutions agreed to collaborate by leveraging their strengths to achieve Universal Health Coverage (UHC) and the World Bank’s goal of providing quality healthcare services to 1.5 billion people by 2030. Specifically, the two institutions will work together to increase the impact of co-financing combined with technical cooperation, co-create knowledge, and jointly disseminate information at high-level forums.
In the area of private sector finance, it was agreed that JICA and the International Finance Corporation (IFC), a member of the World Bank Group, have already achieved 85% of the target amount of co-financing (totaling US$1.5 billion for both organizations) set in the Memorandum of Cooperation (MOC) signed in 2022 and are making progress. IFC and IFC agreed to continue to work together effectively.
We also discussed strengthening our collaboration in the future on food security in Africa and the Pacific.
The two organizations will continue to engage in dialogue at various levels to increase development impact through enhanced collaboration.
© Source JICA
Auto Amazon Links: No products found.
Auto Amazon Links: No products found.