JBIC Guidelines for Confirmation of Environmental and Social Considerations

JBIC has established and made public the "Japan Bank for International Cooperation Guidelines for Confirmation of Environmental and Social Considerations" (the Guidelines). The current version of the Guidelines was established in January 2015 and came into effect as of April 2015 by revising the Guidelines (see note) which had been established in July 2009 and came into effect in October 2009 (the "previous Guidelines").

  1. (Note) Upon the incorporation of new JBIC in April 2012, the text of the organization name etc. of the previous Guidelines were revised.

Ensuring Transparent and Open Process

In revising the previous Guidelines, JBIC took care to ensure procedural transparency by holding 11 consultation forums from December 2013 to November 2014.  On these forums, the participants, including opinion leaders, representatives from NGOs, industry and government departments and agencies, discussed and exchanged views on a range of issues.  Then public comments were invited on the draft revised Guidelines and the final revised Guidelines were completed in January 2015.
Also, the same transparent and open process was ensured in the revision of the previous Guidelines established in July 2009.

Implementation

The current Guidelines are applied to the projects for which substantive loan requests are made after April 1, 2015. The previous Guidelines are applied to the projects for which substantive loan requests are made prior to March 31, 2015 (but after October 2009).

References