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Joint Statement with Asian Export and Import Banks on Efforts to Address Climate Change
Promoting Cooperation in Climate Change Measures Sectors among Asian Export and Import Banks

  • Region: Asia
  • Environment
November 17, 2022
  1. The Japan Bank for International Cooperation (JBIC; Governor: HAYASHI Nobumitsu) announced on November 16 at the 27th annual meeting of the Asian EXIM Banks Forum a joint statement with 10 members of the forum, most of which are Asian export and import banks. The joint statement aspires to promote cooperation among the members of the forum on the efforts to address climate change.
      
  2. The Asian EXIM Banks Forum, launched in 1996, is a platform for representatives of its member institutions including JBIC to discuss policies for addressing a variety of issues. In 2022, Export-Import Bank of Malaysia Berhad hosted the annual meeting, where 14 institutions participated, including the Asian Development Bank (ADB) attending as an observer.
      
  3. The joint statement declares cooperation for measures to address climate change, particularly by promoting the development of renewable energy in Asia. It especially aims to generate synergy by promoting the collaboration of the member institutions, mobilize private-sector capital through guarantees and co-financing, establish new financial products for green finance, and encourage information sharing in order to support the measures to address climate change taking account of the circumstances of each country.
      
  4. As Japan’s policy-based financial institution, JBIC will continue to financially support the promotion of economic cooperation with Asian countries in such sectors as climate change measures and the overseas expansion of Japanese companies through strengthened cooperation with export and import banks in Asia.
      
Note
  1. *1 
    Export Finance Australia, the Export-Import Bank of China, Export-Import Bank of India, Indonesia Eximbank, Export-Import Bank of Malaysia Berhad, Philippine Guarantee Corporation, the Export-Import Bank of Korea, Export-Import Bank of Thailand, Vietnam Development Bank. and Export Credit Bank of Turkey
  2. *2 

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