The Government of Japan has made an institutional realignment by integrating the activities of the Japan Bank for International Cooperation (JBIC) with Japan International Cooperation Agency (JICA) aid schemes.
According to a press release issued here yesterday, the merger would improve the quality of official development assistance (ODA) operations of Japan at 100 overseas offices.
The decision was taken in an effort to conduct ODA policy under a strategic framework and strengthen its implementation regime.
A new JICA will born on October 1, 2008 and as an aid donor agency it will provide technical cooperation, concessional loans (ODA loans), and grant aid 'under one roof,' the release added.