Press Releases
Foreign Minister IWAYA’s meeting with the World Bank Group representatives
On August 20, commencing at 12:55 p.m. for approximately 15 minutes, IWAYA Takeshi, Minister for Foreign Affairs of Japan held a meeting with the World Bank Group (WBG) representatives, including Mr. Makhtar DIOP, Managing Director of the International Finance Corporation (IFC) and Mr. MATANO Hiroshi, CEO of the Multilateral Investment Guarantee Agency (MIGA), who are visiting Japan to attend the Tokyo International Conference on African Development (TICAD9). The overview of the meeting is as follows:
- Minister IWAYA expressed his appreciation to WBG’s contribution as a co-organizer of TICAD9, as well as noted that Japan proactively supports WBG’s activities as the second-largest shareholders. In response, Managing Director Diop expressed his gratitude for Japan’s support and his expectation to further strengthen collaboration between Japan and the WBG.
- Minister IWAYA expressed his expectation that IFC and MIGA will further collaborate with the Japan International Cooperation Agency (JICA) and the Japan Bank for International Cooperation (JBIC) to increase highly effective development projects that leverage Japanese companies’ technology and expertise. In addition, he stated that Japan would like to continue cooperation with WBG to further promote mobilization of private finance.
- Minister IWAYA requested continued efforts to increase the proportion of Japanese staff. Both sides reaffirmed to continue working closely together for further collaboration.
(Reference) The World Bank Group
The World Bank Group offers financial and technical assistance to developing countries with the mission to reduce poverty and realize sustainable economic growth. The group is consisted of five organizations: the International Bank for Reconstruction and Development (IBRD), the International Development Association (IDA), the International Finance Corporation (IFC), the Multilateral Investment Guarantee Agency (MIGA), and the International Center for Settlement of Investment Disputes (ICSID). The group is headquartered in Washington, D.C. and chaired by President Ajay Banga.