The Growth Acceleration Plan (PAC) announced by the Brazilian government in January 2007 is being implemented to boost the nation's economic growth rates over the medium to long term.

The Plan envisages measures to expand investment in infrastructure, energize the private sector by facilitating bank loans, simplify environment licensing procedures, improve the investment climate by raising the quality of oversight institutions, reform the tax system (including tax reduction measures), and identify and publish long-term fiscal policies. The Plan sets economic growth rate targets at a minimum of 5% per year, beginning in 2008.

The Wise-men Group on the Japan-Brazil Strategic Economic Partnership has proposed priority sectors for bilateral cooperation. Promotion of the type of sectoral projects it recommends would create further business opportunities for Japanese companies, while at the same time making it possible for Japan to play a significant role supporting efforts to achieve the Growth Acceleration Plan.

Through its various financing programs, JBIC will continue to offer broad-based support for Japanese corporate business activities that promote further development in both countries.