- Region: Latin America and the Caribbean
- Energy and Natural Resources
The Japan Bank for International Cooperation (JBIC; Governor: HAYASHI Nobumitsu) signed on April 21 a memorandum of understanding (MOU) with the Inter-American Development Bank (IDB; President: Ilan Goldfajn) and the Inter-American Investment Corporation (IDB Invest; Chief Executive Officer: James P. Scriven) to strengthen cooperation in multiple sectors including sustainability, social infrastructure, and supply chain resilience in Latin America and the Caribbean region (LAC).
The IDB is the main source of development financing for LAC. As a member of the IDB Group, IDB Invest is focused on providing innovative financial solutions and advisory services to the private sector. In November 2016, JBIC signed an MOU with these organizations to promote high-quality infrastructure and environmental projects in LAC*1. The MOU signed this time aims to further strengthen the cooperative relationship that the three organizations have developed, in sectors such as sustainability, including hydrogen and ammonia, social infrastructure, and supply chain resilience, in addition to energy efficiency and renewable energy, where they have been cooperating.
In the Fourth Medium-term Business Plan released in June 2021, JBIC aims to respond to energy transformation toward the realization of a decarbonized society, support projects that contribute toward resolving social issues, and address the strengthening of resilience and rebuilding of international supply chains. The signing of the MOU with the IDB and IDB Invest aligns with these action plans and aims to facilitate the sharing of knowledge and expertise to support potential projects in LAC. By leveraging the strong networks and expertise of the IDB and IDB Invest, JBIC expects to provide timely and effective support for these projects.
As Japan's policy-based financial institution, JBIC will continue to actively support the creation and promotion of business opportunities for Japanese companies while closely collaborating with international financial institutions.