The President's Activities

Luis Carranza, Executive President of the Development Bank of Latin America, right, and JICA President Shinichi Kitaoka

JICA President Shinichi Kitaoka held talks at JICA Headquarters in Tokyo with Executive President Luis Carranza of the Development Bank of Latin America (CAF) on February 13.

Mr. Kitaoka began discussions by expressing the wish to further deepen relations between the two organizations through the International Development Financial Club (IDFC)*, in which both organizations participate as members of the Steering Group. There was also an exchange of ideas concerning cooperation in the field of disaster prevention, an area that both organizations are focusing on, and the development of institutional framework and fostering of human resources in the Latin America region.

JICA will continue to cooperate with CAF and promote the exchange of ideas with development banks.

*IDFC: The IDFC is a network of development banks established in September 2011 under the initiative of the German KfW Group ("Kreditanstalt für Wiederaufbau"). As of February 2018, there is a total of 23 member organizations, made up of bilateral development banks from developed counties, including the JICA, and domestic development banks and sub-regional development banks from developing countries.