Profile of JICA Bonds
Mission of JICA
Achieving Human Security and Quality Growth
Robust Ties with the GOJ and Financial Soundness
As the sole agency implementing Official Development Assistance as an incorporated administrative agency of the Government of Japan (GOJ), JICA keeps robust ties with the GOJ.
- JICA is 100% owned by the GOJ
- JICA maintains a high capital ratio of 80.11% from the GOJ's 80.1 bn capital contribution (as of September 30, 2017)
As a credible and financially stable institution, JICA receives the same ratings as the Government of Japan as below.
JICA Bond – Use of Proceeds
The proceeds from issuing JICA bonds are:
- used to establish basic infrastructure, social services and others in developing countries through sovereign loans (Official Development Assistance Loans) and private sector investment finance, and
- used for projects that are in line with the Cabinet's decision "Development Cooperation Charter of Japan," which is also in line with the Sustainable Development Goals (SDGs) adopted at the UN Summit 2015.
JICA Bond – Management of Proceeds
The proceeds are:
- managed under the Finance and Investment Account, and segregated from other JICA operations
- subject to be audited by the Board of Audit of Japan and an independent auditor
JICA Bond – Project Evaluation & Reporting
The projects funded by the bond proceeds are, in principle, evaluated as part of JICA's ex-post evaluation process upon completion, and the results are published on JICA's website
JICA as a Social Issuer Contributing to the SDGs
Through all the projects we support, JICA strives to achieve human security, quality growth and sustainable development by providing required assistance to developing countries.