Japan imports over 90% of its natural resources, such as oil, natural gas and iron-ore, and 60% of its food. It exports many of its products to the world. Trade with developing countries accounts for approximately 60% of imports and 40% of exports, making these nations indispensable partners for Japan. To further deepen partnerships with developing countries and contribute to international stability, Japan has provided official development assistance (ODA) to developing countries for more than half a century.
As the organisation in charge of administering ODA, JICA has helped foster human resources, technology transfer and infrastructure development in different countries through technical cooperation, Finance and Investment Cooperation and Grants based on bilateral assistance. Its activities have been praised highly for their success in promoting sustainable economic growth for many countries in Asia and across the globe. JICA has forged close relationships with the governments of industrialized countries and international aid organizations aimed at achieving the sustainable development goals (SDGs) and resolving global issues such as climate change.
The Japan policy and human resources development (PHRD) Fund was created in 1990 through a joint agreement between the World Bank and the Government of Japan out of a commitment to alleviate poverty, build the necessary foundations for sustainable development, and create a close development partnership.
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