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November 15, 2017

JICA President Holds Talks With IDB President Moreno and IIC CEO Scriven

photoFrom left, Inter-American Investment Corporation CEO James P. Scriven, JICA President Shinichi Kitaoka and Inter-American Development Bank President Luis Alberto Moreno

On Oct. 24, JICA President Shinichi Kitaoka met with Luis Alberto Moreno, President of the Inter-American Development Bank, and James P. Scriven, Inter-American Investment Corporation CEO*, at JICA headquarters in Tokyo.

In light of repeated natural disasters in the Latin America and the Caribbean (LAC) region (hurricanes in the Caribbean region and earthquakes in Mexico), Mr. Kitaoka and Mr. Moreno affirmed the importance of natural disaster countermeasures and enhancing disaster risk management in the Caribbean region in particular, which is vulnerable to global warming. They also affirmed their expectation that Japan's expertise and experience in the field of disaster risk reduction will be put to use. Mr. Moreno praised the steady progress in the co-financing framework between the IDB and JICA for renewable energy development and energy efficiency promotion in the LAC region. Also, because the role of the private sector in socio-economic development is increasingly important in the context of firm economic growth in the LAC region, Mr. Moreno and Mr. Scriven expressed their expectations for expanded support for the private sector through cooperation between the IIC and JICA. The parties agreed to further discussions in the future.

The IDB is one of JICA's important development partners in the LAC region, and through its cooperation with the IDB, JICA aims to more effectively and efficiently support economic and social development. Strengthening partnerships is one of the Sustainable Development Goals (SDGs).

*The Inter-American Investment Corporation was established to contribute to the development of the Latin American economy by investing in and financing private companies in the region. It is one organization in the Inter-American Development Bank Group.

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