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Joint Statement with G7 and European Development Finance Institutions
Promoting Quality Infrastructure Investments in Developing Countries in Cooperation with G7 and European Countries

  • Region: Europe
  • Others
April 28, 2022
  1. The Japan Bank for International Cooperation (JBIC; Governor: MAEDA Tadashi) announced on April 25 a joint statement on quality infrastructure investments*1, which was made with the G7 countries’ development finance institutions, the Association of European Development Finance Institutions (EDFI), and EDFI’s European members’ development finance institutions*2.
      
  2. Based on former discussions such as the G7 Cornwall Summit held in June 2021, the joint statement aims to strengthen the cooperation between development finance institutions for promoting quality infrastructure investments in developing countries in priority areas including climate, health, gender equality, and digital connectivity.
      
  3. In JBIC’s Fourth Medium-term Business Plan, released in June 2021, one of the key focus areas is to propel strategic initiatives to promote quality infrastructure projects overseas. The joint statement is in line with the Medium-term Business Plan, and JBIC will continue to financially support quality infrastructure investments in developing countries, in cooperation with the development finance institutions of other countries.
      

  
Note
  1. *1 
  2. *2 
    Signatory institutions of the joint statement: DFC (United States), BII (United Kingdom), DEG (Germany), FinDev Canada (Canada), EDFI (Association of European Development Finance Institutions), CDP (Italy), SIMEST (Italy), PROPARCO (France), Norfund (Norway), Swedfund (Sweden), BIO (Belgium), COFIDES (Spain), Finnfund (Finland), IFU (Denmark), OeEB (Austria), SIFEM (Switzerland), SOFID (Portugal), JICA, and JBIC

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