The 2019 Annual Meetings of the African Development Bank Group will be held from 11-14 June 2019, in Malabo, Republic of Equatorial Guinea. Find out more
Japan joined the African Development Fund in June 1973 and the African Development Bank in December 1982.
Japan’s collaboration with the Bank Group includes the Japan Policy and Human Resources Development Grant and the Joint Bank-Japan Enhanced Private Sector Assistance Initiative. The Bank also participates in the implementation of the Tokyo International Conference on African Development commitments.
The first Cooperation Agreement was signed in 1994 between the Ministry of Finance of Japan and the Bank, establishing the Japan Policy and Human Resources Development Grant (PHRDG) to support ADF countries. PHRDG, which focuses on human resource development and technical assistance, has supported the Poverty Reduction Strategy Paper process in several countries. It also financed a series of Bank analytical works through Regional Integration Strategy Papers and ﬂagship reports and social business
- Japan and the Bank launched the Joint Bank-Japan Enhanced Private Sector Assistance (EPSA) Initiative in 2005, a co-financing facility for resource mobilization to support the implementation of the Bank’s Private Sector Development Strategy. Under EPSA, Japan contributed to the Fund for African Private Sector Assistance, which became a multi-donor Fund with the participation of Austria In October 2010.
- The Bank and Japan are now working on the Third Phase of EPSA (US $1.5 billion). Under EPSA III, projects in economic infrastructure (transport, energy, etc.) and social infrastructure (health, education, nutrition) will be considered for ACFA (sovereign co-financing), while Non-Sovereign Loans will strengthen more direct support for SMEs. EPSA III has an additional allocation of US $0.3 billion for Clean Coal Technology-related projects.
- The Bank signed a Memorandum of Understanding with the Japan Bank for International Cooperation in May 2009 to enhance collaboration in natural resources development, renewable energy, infrastructure, private sector development, trade facilitation and liquidity support for the private sector.
- Under a Memorandum of Understanding signed with the Japan International Cooperation Agency in October 2008, collaboration is ongoing in regional infrastructure development, agriculture (New Rice for Africa - NERICA), private sector development, environment, climate change, post-conﬂict fragile states, water and sanitation, and Africa-Asia knowledge sharing. Since 2006, JICA is seconding staff to the Infrastructure Consortium for Africa Secretariat and to the Private Sector Department.
- A Memorandum of Understanding between the University of Tsukuba of Japan and the Bank was signed in May 2008 to enhance knowledge partnership on higher education and science, and technology.
- In August 2016, during TICAD VI, the Bank signed Memoranda of Understanding with the Japan External Trade Organization to enhance collaboration in power and energy industrialization, private sector development and quality infrastructure and the Sasakawa Africa Association on Commercializing Smallholder Agriculture and Food Security, Gender Equality and Private Sector Development in the Agricultural Sector. A letter of Intent was signed with the Sumitomo Mitsui Banking Corporation to foster cooperation in trade finance, risk mitigation/sharing products, improving trade enabling infrastructure, business development as well as industrial and infrastructure project co-financing
- In 2017, Japan and the Bank signed a Letter of Intent for the Japan-Africa Energy Initiative to allow Africa to benefit from Japanese technologies, skills and expertise, and in clean coal technologies. Japan will provide concessional and non-concessional finance to the Initiative.
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