JBIC Signs MOU with IFC
Strengthening Cooperation in Environment and Infrastructure Sectors and in Support for Ukraine and Its Neighboring Countries

• Region: Others
• Energy and Natural Resources
• Infrastructures
• Environment
• Others

1. The Japan Bank for International Cooperation (JBIC; Governor: HAYASHI Nobumitsu) signed on February 14 a Memorandum of Understanding (MOU) with the International Finance Corporation (IFC; Managing Director: Makhtar Diop) to enhance cooperation between the two organizations.
     
2. The MOU aims to further strengthen their cooperative relationship to promote structuring projects in such fields as the following: sustainability, including response to climate change and energy transition; infrastructure and natural resources that contribute toward enhancing supply chain resilience; and innovation. The MOU is also intended to build stronger ties between the two parties in supporting Ukraine and its neighboring countries. With this MOU following one signed in June 2020^*1, JBIC and IFC will deepen their partnership with a view to responding to issues facing the global community.
     
3. JBIC released the Fourth Medium-term Business Plan in June 2021, incorporating in its key focus areas challenges, such as effective energy transition in the host country, responses to social issues, enhancement of the global supply chain resilience of Japanese companies, and dissemination of innovation. JBIC has been actively providing support to achieve these goals. In addition, by cooperating with G7 countries and international institutions in the establishment of the EBRD-G7 DFI-EDFI Ukraine Investment Platform^*2, it aims to provide assistance to Ukraine and its neighboring countries. IFC is also dedicated to briskly support various activities, such as to respond to climate change, to strengthen supply chain resilience, to provide aid in Ukraine and other disputed areas, and to promote digitalization. The MOU, through which the two organizations reconfirm the concepts of problem recognition and cooperation, will further enhance their collaboration in the key focus areas they share in common.
     
4. As Japan's policy-based financial institution, JBIC will continue to support the overseas business expansion of Japanese companies while closely collaborating with international financial institutions.
     

Note

1. *1 
   See Announcement on June 5, 2020.
2. *2 
   See Announcement on June 22, 2023.