- Region: Latin America and the Caribbean
May 24, 2013
- The Japan Bank for International Cooperation (JBIC; Governor: Hiroshi Okuda) signed on May 23 (Costa Rica Time) two separate memorandums of understanding (MOUs) with Banco Nacional de Costa Rica (BNCR) and Banco de Costa Rica (BCR), which are state-owned banks, respectively, for the purpose of information exchange on possible future collaboration in financing.
- The objective of each MOU is to explore the future cooperation among JBIC, BNCR and BCR respectively for supporting the financing of Japanese exports of renewable energy-related equipment to Costa Rica, including for wind power and geothermal power generation, and to exchange information regarding potential projects under the future financing cooperation.
- Japanese companies have been working to expand export business in Costa Rica, which has sustained robust growth. Thus, they hold expectations that JBIC would play some role in this sector. Under these circumstances, each MOU is expected to contribute to expansion of Japanese companies' business opportunities in Costa Rica, by strengthening cooperative and collaborative relationships among JBIC, BNCR and BCR.
- JBIC will continue to support business activities in Costa Rica of Japanese companies, in collaboration with overseas local financial institutions, by drawing on its various financial facilities and schemes for structuring projects and performing its risk-assuming function.