JICA as a Social Issuer

Contribution to the Sustainable Development Goals (SDGs)


In 2015, the United Nations adopted the 2030 Agenda for Sustainable Development, including the Sustainable Development Goals (SDGs), which is a compass for aligning efforts to realize sustainable development by 2030.

JICA, as the sole agency implementing Official Development Assistance (ODA) of the Government of Japan, has supported projects in developing countries to address challenges to the SDGs. See how JICA is making impacts around the world here.

See also

Operating Principles for Impact Management

In August 2019, JICA signed the Operating Principles for Impact Management introduced by International Finance Corporation (IFC). Impact Investing can be defined as investments made into companies or organizations with the intent to contribute to measurable positive social or environmental impact, alongside financial returns. The Principles provide a framework for investors to ensure that impact considerations are purposefully integrated throughout the investment life cycle. JICA has become the first Japanese signatory to the Principles.

See also

JICA's Bond Framework

JICA bonds are issued in accordance with the below framework:

Use of Proceeds

The proceeds from issuing JICA bonds are:

  • allocated to JICA's Finance and Investment Account, and used to establish basic infrastructure, social services and others in developing countries through sovereign loans and private sector investment (not knowingly allocate any proceeds from the sale of bonds, which are issued in June 2021 and later, to activities related to coal-fired power generation)
  • used for projects that are in line with the Cabinet's decision "Development Cooperation Charter of Japan," which is also in line with the SDGs
    • See also

      Project Selection

      The project selection is:

      • conducted through a rigid process that involves evaluation based on OECD-DAC Criteria for Evaluating Development Assistance, review by external experts, and approval by the Japanese government
        • Management of Proceeds

          The proceeds are:

          • managed under the Finance and Investment Account, and segregated from other JICA operations
          • subject to annual reporting to the Cabinet
          • audited by the Board of Audit of Japan and an independent auditor
            • Project Evaluation & Reporting

              The funded projects are:

              • monitored on site by 96 offices abroad, receiving progress reports from loan recipients
              • evaluated as part of JICA's ex-post evaluation process on completion in principle, and the results are published on website

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