Although no financial outlays were mentioned, the deal spells out areas in which the two will cooperate closely. Basically they agreed to identify and finance projects to support economic and social development in the
The EADB Director General,
According to a press release, the two organisations will organise joint or multi-lateral actions on development issues through seminars, research, and knowledge management.
They will also collaborate in identification of projects in such areas as economic and social infrastructure development, private sector development, education, health, poverty reduction, and other areas as may be agreed upon between the Parties from time to time.
Other areas include joint technical assistance on development projects, collaboration in capacity building of each organization, including staff training, sharing of research, project and development experiences in
The MOU, however, does not represent any definitive commitment with regard to funding on the part of either Party. Instead, any such commitment will be reflected in separate agreements that may be entered into by EADB and JICA under the MOU.
According to its latest financial results the EADB portfolio size and quality has improved in line with the Medium Term Strategic Plan 2011-2015.
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