Japan to offer guarantees on corporate investments in Global South

Legislative revision eyed for fiscal 2025 to allow for JICA support

20240712N Jakarta MRT

Projects in the developing world, like this Jakarta subway, have been supported by Japanese public funding, but risks have been high for private investment. © Reuters

KANA BABA, Nikkei staff writer

TOKYO -- Japan seeks to encourage corporate investment in emerging and developing countries by providing guarantees through the Japan International Cooperation Agency, with a necessary legislative change aimed for fiscal 2025.

JICA supports information gathering and research so small and midsized companies can expand into emerging countries. Guaranteeing loans currently is not among the roles stipulated in the law governing JICA. 

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