2026.06.17
On June 14, the Japan International Cooperation Agency (JICA) signed a Memorandum of Cooperation (MoC) with British International Investment (BII), the United Kingdom’s development finance institution, to strengthen collaboration in private sector investment and finance in Emerging Asia and Africa. The signing took place at the UK-Japan Business Event held at the UK Prime Minister’s Office on the occasion of the visit to the United Kingdom by Japanese Prime Minister Takaichi Sanae. The MoC was signed by Chief Representative for Europe Harada Tetsuya of JICA France Office and Managing Director and Head of Capital Markets Group Jo Fry of BII, in the presence of UK Minister of State (Minister for Investment) Lord Stockwood.
Signing ceremony
UK Prime Minister’s Office, Contains public sector information licensed under the Open Government Licence v3.0
Under this MoC, JICA and BII will explore opportunities for co-financing and co-investment in promising development projects in developing countries particularly in Asia and Africa, leveraging the investment experience and expertise accumulated by both institutions.
Developing countries face numerous challenges, including infrastructure development, job creation, and climate change. At the same time, public funding alone is insufficient to address these needs, and there is an increasing demand for further encouragement of private sector engagement. In this context, the importance of public funds as a catalyst to mobilize private investment and generate development impact is growing.
Through this MoC, JICA and BII will strengthen collaboration with investors in Japan, the United Kingdom, and other countries to further mobilize private capital. This will contribute to delivering development impacts such as improving livelihoods through job creation and industrial development.
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