On April 20, 2016, the Japan Bank for International Cooperation (JBIC) received a courtesy call from President Juan Carlos Varela of the Republic of Panama.
Mr. Varela expressed his appreciation for JBIC's support in the Panama Canal Expansion Project, as well as for providing a guarantee for yen-denominated foreign bonds issued by the Government of the Republic of Panama in the Japanese bond market (Samurai bonds). He also expressed his hope to receive continued support from JBIC for infrastructure development and other projects in Panama.
JBIC Governor, CEO, Hiroshi Watanabe, in turn, expressed his wish to contribute, together with Japanese companies, to the development of infrastructure and the economic growth of Panama, while referring to the significance of the Panama Canal.
Accordingly, Mr. Varela and Mr. Watanabe both agreed to further enhance the economic relationship between the Panamanian government and JBIC - and thus the relationship between Panama and Japan.