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The Japan Bank for International Cooperation (JBIC; Governor: HAYASHI Nobumitsu) signed on March 7 a memorandum of understanding (MOU) with Romania's Ministry of Finance and Banca de Export-Import a României EximBank S.A. (Romania EximBank) to further strengthen cooperation among the three institutions in such fields as energy security and climate change in Romania and third countries, including the other Ukraine-neighboring countries, supporting Japanese companies in their direct investment and business expansion in Romania, and diversifying funding sources such as Samurai bonds by the Government of Romania. Taking the opportunity of President of Romania H.E. Klaus Iohannis's visit to Japan, the documents were exchanged in the presence of Prime Minister of Japan H.E. KISHIDA Fumio and President Klaus Iohannis.
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Romania EximBank is a policy-based financial institution owned by Romania's Ministry of Finance and provides financial services to support both domestic and foreign businesses for Romania. This MOU aims to further strengthen cooperation among the three institutions for promoting loans and investments mainly in such fields as energy-related infrastructure projects that will enhance energy security, clean energy, next-generation energy such as green hydrogen in Romania and third countries, including the other Ukraine-neighboring countries, and for supporting Japanese companies in their investment and business expansion in Romania.
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At the Japan-Romania Summit Meeting held on March 7, both leaders agreed to elevate their relations to the level of a strategic partnership and to further cooperate for the enhancement of Japan-Romania economic relationship in such fields as energy and infrastructure. In addition, at the G7 Development Ministers' Meeting held in May 2022, a policy for providing support to Ukraine-neighboring countries, including Romania, was announced. The G7 Foreign Ministers' Statement on Energy Security issued in August 2022 also stated that the G7 would coordinate actions to reinforce their collective energy security and resilience. Under these circumstances, building and enhancing the cooperative relationship among JBIC, Romania's Ministry of Finance, and Romania EXIM Bank under this MOU will contribute toward creating business opportunities for Japanese companies in these fields.
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As Japan's policy-based financial institution, JBIC will continue to financially support the creation of business opportunities and the promotion of business for Japanese companies by closely collaborating with such overseas governments and public financial institutions, and will provide financial support for resolving global climate change and social issues.
Source: website of Prime Minister’s Office of Japan