The
African Development Bank Group, January 30, 2015 in Abidjan, received
Hiroshi Kato, Japan International Cooperation Agency Vice-President, on a
courtesy visit to the institution. Vice-President Kato and his
delegation – which included JICA’s Representative in Côte d’Ivoire,
Yonezaki Eiro; and Kojima Umi, Programme Director for Côte d’Ivoire –
held talks with AfDB Infrastructure Vice-President (OIVP) Solomon
Asamoah.
The
meeting explored areas of cooperation and how best JICA and the Bank
Group would push forward co-financing of infrastructure, transport, ICT
projects through private-sector operations.
“There
are many private sector opportunities and interests in terms of
financing projects in Africa,” Vice-President Asamoah told the
delegation. “The sustainable development of Africa is one of the common
concerns of the Bank Group and JICA. It is thus imperative for the two
parties to join hands, with a view to developing the African private
sector to accelerate economic growth and create jobs.”
JICA
Vice-President Kato, who has recently moved from heading JICA’s
Research Institute to the Vice- Presidency in charge of the Africa
Department, recalled that he knows Abidjan very well, having served in Côte d’Ivoire earlier in his career.
“The
Bank and JICA share a long history of friendship and partnership based
on common values and mutual interests,” he said. The Bank’s principal
engagement with JICA falls under the Enhanced Private Sector Assistance
(EPSA) Initiative. EPSA loan components funded by JICA include the
Accelerated Co-financing Facility (ACFA). Under ACFA, JICA co-finances
projects with the Bank’s public sector, with the Transport and
Information Communication Technologies (ICT) and the Energy, Environment
and Climate Change departments, and in African Development Fund (“green
light”) countries on ADF terms. JICA lends to the Bank Group on
concessional terms for on-lending through the non-sovereign window.
In
October 2014, the Bank Group received a delegation, led by the Japanese
Finance Ministry, with the specific objective of identifying the
pipeline of ACFA candidate projects for 2015-2016, in order to reach the
$2 billion second-phase target by year-end 2016. The mission was
successful for both sides and in excess of $1 billion of projects have
been identified. Friday’s technical meeting included AfDB Private Sector
Department Director Kodeidja Diallo, Energy, Environment and Climate
Change Director Alex Rugamba and OIVP Adviser Alassane Ba, and their
respective teams.
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