Month/Year	Major Developments in Japanese Aid	Month/Year	International Developments in Aid
Jan. 1962	US-Japan agreement on the repayment of GARIOA and EROA debts is signed.	Nov. 1961	United States Agency for International Development (USAID) is established.
Jan. 1962	Agreement between Japan and Thailand concerning the Settlement of “Special Yen Problems” is signed.	Dec. 1961	UN Decade of Development is adopted at the 16th UN General Assembly.
Jun. 1962	DAC conducts the first annual review of assistance to Japan.	Dec. 1961	UN World Food Programme (WFP) is founded.
Jun. 1962	Overseas Technical Cooperation Agency (OTCA) is founded.
Mar. 1963	Japan-Burma Agreement on Economic and Technical Cooperation is signed.
Jul. 1963	Japan Emigration Service is founded.	May. 1963	Organization of African Unity (OAU) Charter is signed.
Apr. 1964	Japan joins the OECD.
Apr. 1964	Provision program of equipment and materials begins.	Feb. 1964	Prebisch Report entitled “Towards a New Trade Policy for Development” is published.
Mar. 1964	1st United Nations Conference on Trade and Development (UNCTAD) is held.
Apr. 1965	Japan Overseas Cooperation Volunteers (JOCV) program is inaugurated.	Nov. 1964	African Development Bank (AfDB) is founded.
Jul. 1965	DAC adopts new recommendations on Financial Terms and Conditions, which suggest measures related to aid tying.
Jan. 1966	United Nations Development Program (UNDP) is founded.
Aug. 1966	Asian Development Bank (ADB) is founded; Japan becomes a founding member.
Jan. 1967	United Nations Industrial Development Organization (UNIDO) is founded.
Aug. 1967	Association of Southeast Asian Nations (ASEAN) is founded by the Philippines, Indonesia, Thailand, Malaysia, and Singapore.
Feb. 1968	UNCTAD 2nd Session declares an ODA target of 1% of GDP.
Jul. 1968	Food Aid starts.
Jul. 1968	Acceptance of trainees reaches 10,000.
1969	General Grant Aid starts.
Apr. 1969	Japan announces a two-fold increase in aid to Asia within a period of five years at the 2nd ADB Annual Meeting.	Oct. 1969	Pearson Report entitled “Partners on Development” is announced.
Oct. 1970	UN adopts the Tinbergen Report and a resolution on the 2nd UN Development Decade.
Apr. 1971	MOFA launches subsidy program for local governments and communities.	Aug. 1971	US announces a new economic policy (“Nixon Shock”).
Dec. 1971	Meeting of finance ministers from 10 countries agrees to multilateral currency alignment, establishing the Smithsonian System.
Apr. 1972	Japan declares an ODA target of 0.7% of GDP at UNCTAD.
May 1972	Introduction of untied loans is approved by the cabinet.
Sep. 1972	Joint announcement that diplomatic relations are normalized between Japan and the People’s Republic of China.	Jun. 1972	UN Conference on Human Environment is held in Stockholm.
Oct. 1972	Japan Foundation is founded.
Jun. 1973	Emergency grant aid/emergency disaster assistance started.	Oct. 1972	DAC adopts new Recommendation on Terms and Conditions of Aid (Definition of ODA).
Oct. 1973	Grant Aid for Fisheries starts.
Oct. 1973	Ministerial meeting of OPEC decides to raise posted price of crude oil, triggering the first oil crisis.
May. 1974	UN General Assembly Special Session on Raw Materials and Development adopts a declaration to establish a New International Economic Order (NIEO) and a special project to support Most Seriously Affected Countries (MSAC) by the oil crisis.
Aug. 1974	Japan International Cooperation Agency (JICA) is founded (as a combination of OCTA and the Overseas Emigration Operation Group).	May. 1974	UN Economic Commission for Asia and the Far East (ECAFE) renamed the Economic and Social Commission for Asia and the Pacific (ESCAP).
Mar. 1975	3rd Country Training Program starts.	Feb. 1975	Lomé Convention is signed.
Mar. 1975	Japan-Saudi Arabia Agreement on Economic and Technological Cooperation is signed.
Jul. 1975	Cultural Grant Aid starts.
Jul. 1975	Ministerial Council for External Economic Cooperation is established.
Jul. 1975	Yen Loan activities are transferred to the OECF.