- Region: Others
- Untied Loans
November 5, 2013
The Japan Bank for International Cooperation (JBIC; Governor: Hiroshi Okuda) signed on 1, the agreement for equity participation in the IFC Catalyst Fund (Japan), LP, (the Fund), a fund of funds that is managed by IFC Asset Management Company, LLC and wholly owned by International Finance Corporation (IFC), invests mainly in renewable energy and energy efficiency projects. JBIC will contribute 50 million U.S. dollars to the Fund which is operated together with the IFC Catalyst Fund, LP and IFC Catalyst Fund (UK), LP invested by IFC, the governments of the United Kingdom and Canada and other public institutions. The total fund for these three Funds will be 396.5 million U.S. dollars.
The fund is a fund of funds investing in funds that provide capital mainly to renewable energy and energy efficiency projects in developing countries under GREEN operations*1.
Through JBIC's participation in the Fund, collaborating and cooperating with international organizations, the governments and public institutions of other countries, it is expected that this promotes investments in the renewable energy sector in developing countries and contributes to the reduction of greenhouse gas (GHG) emissions in developing countries.
As a public financial institution, JBIC is making efforts in developing countries toward global environment conservation by drawing on its various financial facilities and schemes, including its function of equity in investment funds. It is thereby supporting to bring more depth in and develop economic relations between Japan and other countries.
- *1 See Information on April 27, 2010 .