This is now the nodal agency for all Japanese concessional loans, and replaced Japan Export-Import Bank (JEXIM) and the Overseas Economic Cooperation Fund (OECF) in 1999.
While earlier attempts were criticised, more recently a concerted effort has since been made to increase spending and target specific areas of need.
Since joining the Colombo Plan in 1954, Japan has been providing financial and technical assistance to developing countries through ODA, aiming to contribute more proactively to the peace, Stability and prosperity of the international community.
JICA, the world's largest bilateral aid agency, works in over 150 countries and regions and has some 90 overseas offices.
Founded in October in 2003 Japan International Cooperation Agency facilitates official development assistance for Japanese government.
Partnerships enable not only to improve the quality of international initiatives but also to raise the profile of Japan's ODA-related experience, approaches and principles.
[5]: 141 Also during the 1980s, Japanese contractors for foreign development assistance projects became implicated in a major corruption issues that embarrassed the country's approach to providing aid.
Escalating tensions in the South China Sea have caused Japan to switch its foreign aid packages.
It spends large amounts of financial and human capital to confront humanitarian issues in the developing world.