Fourth Credit Line for BANCOMEXT under GREEN Operations
Supporting Sustainable Infrastructure Projects in Mexico under the Growth Investment Facility

• Region: Latin America and the Caribbean
• Infrastructures
• Environment
• Untied Loans
• Guarantees

1. The Japan Bank for International Cooperation (JBIC, Governor: MAEDA Tadashi) signed a loan agreement^*1 for a credit line totaling up to USD 200 million (of which the JBIC portion is USD 110 million) with the Mexican government financial institution, Banco Nacional de Comercio Exterior, S.N.C., Institución de Banca de Desarrollo (BANCOMEXT). The credit line is co-financed with Mizuho Bank, Ltd. (lead arranger), The Hyakugo Bank, Ltd., The Gunma Bank, Ltd., The Joyo Bank, Ltd., The Hachijuni Bank, Ltd., and The Bank of Kyoto, Ltd.. The loan is extended under JBIC's Growth Investment Facility.^*2 JBIC will also provide a partial guarantee for the co-financed portion.
     
2. This credit line is intended to finance, through BANCOMEXT, environment-related projects in Mexico as part of JBIC's GREEN operations.^*3 This is the fourth GREEN loan provided to BANCOMEXT, following similar loans in October 2011,^*4 July 2014,^*5 and March 2016.^*6
     
3. BANCOMEXT is a government financial institution in Mexico with a mission to promote foreign trade and attract foreign capital. JBIC and BANCOMEXT have built a close relationship over more than 30 years through the provision of JBIC loans for exports of machinery and equipment to Mexico and promotion of the country's industrial investments and exports. This loan, which focuses on the environmental sector, will further strengthen cooperation between the two institutions.
     
4. As Japan's policy-based financial institution, JBIC will continue to support global environmental preservation efforts in cooperation with overseas government financial institutions and Japanese private financial institutions, including regional financial institutions, by drawing on its various financial facilities and programs for structuring projects, and performing its risk-assuming function.
     

Note

1. *1 
   The loan agreement was signed on November 4, 2020.
2. *2 
   See Announcement on January 31, 2020 as well as May 1, 2020.
3. *3 
   See Announcement on July 2, 2018.
4. *4 
   See Press Release on October 11, 2011.
5. *5 
   See Press Release on July 28, 2014.
6. *6 
   See Press Release on April 1, 2016.