History of JICA
The former Overseas Economic Cooperation Fund and
           The former Japan International Cooperation Agency
                                                                                                 the former Japan Bank for International Cooperation
       January 1954     The Federation of Japan Overseas Associations is                     December 1960 The Overseas Economic Cooperation Fund Law is
                        established.                                                                           promulgated.
       April 1954       The Society for Economic Cooperation in Asia is                      March 1961        The Overseas Economic Cooperation Fund (OECF)
                        established.                                                                           is established to take over management of the
                                                                                                               Southeast Asia Development Cooperation Fund from
       September 1955 The Japan Emigration Promotion, Co., Ltd. is established.
                                                                                                               the Export-Import Bank of Japan (JEXIM).
       June 1962        The Overseas Technical Cooperation Agency (OTCA) is                  March 1966        First OECF ODA Loan (to the Republic of Korea) is
                        established.                                                                           provided.
       July 1963        The Japan Emigration Service (JEMIS) is established.                 March 1995        The Cabinet decides to merge JEXIM and OECF.
       April 1965       Japan Overseas Cooperation Volunteers (JOCV) Office is               April 1999        The Japan Bank for International Cooperation Law is
                        established by OTCA.                                                                   promulgated.
       May 1974         Act of Japan International Cooperation Agency is                     October 1999      The Japan Bank for International Cooperation (JBIC) is
                        promulgated.                                                                           established.
       August 1974      The Japan International Cooperation Agency (JICA) is
                        established.
       April 1986       Japan Disaster Relief (JDR) Team is formed.
       December 2001 The reorganization and rationalization plan for special
                        public institutions is announced by the Japanese
                        government. Included in this reform plan is a measure
                        transforming JICA into an incorporated administrative
                        agency.
       December 2002 The Law concerning the Incorporated Administrative
                        Agency Japan International Cooperation Agency is
                        promulgated.
       September 2003 The Special Public Institution – JICA is dissolved.
       October 2003     The Incorporated Administrative Agency – JICA is
                        established.
                                                                               New JICA
      November 2006 Act for partial amendments to the Act on the Incorporated Administrative Agency Japan International Cooperation Agency is promulgated.
      October 2008      Operations of ODA Loans previously managed by the former JBIC (Overseas Economic Cooperation Operations) and a portion of Grants
                        provided by Japan’s Ministry of Foreign Affairs (MOFA) are integrated into the operations of JICA.
      December 2008 JICA issues Fiscal Investment and Loan Program (FILP) Agency bonds (non-government guaranteed bonds) for the first time.
      March 2012        The Framework for Supporting Japanese SMEs in Overseas Business is revised, setting the stage for JICA to launch assistance for this purpose.
      October 2012      Private-Sector Investment Finance is fully resumed.
      November 2014     First Euro-Dollar bonds guaranteed by the Government of Japan launched.
      November 2015     Establishment of Dollar-denominated Japanese ODA Loans.
      July 2016         Japan Overseas Cooperation Volunteers receive the Ramon Magsaysay Award, which is referred to as Asia's equivalent to the Nobel Peace Prize.
      April 2017        The 4th Medium-term Plan is made public.
90   JICA Annual Report 2019