Joint Statement with G7 Countries’ Development Finance Institutions and European Bank for Reconstruction and Development
Agreeing to Establish Ukraine Investment Platform

• Region: Europe
• Others

1. The Japan Bank for International Cooperation (JBIC; Governor: HAYASHI Nobumitsu) hosted a meeting today in Tokyo with the G7 countries' development finance institutions^*1 and the European Bank for Reconstruction and Development (EBRD) and announced a joint statement^*2 that they agreed to establish the Ukraine Investment Platform^*3.
     
2. The platform aims for the G7 countries' development finance institutions and the EBRD to work together to assist with the reconstruction of Ukraine based on the G7 leaders' statement on assistance for Ukraine^*4. More specifically, the platform aims to collaborate to exchange information on assistance for the reconstruction of Ukraine and to provide financial support, mainly in the private sector.
     
3. The G7 leaders' statement on assistance for Ukraine confirms that the G7 is committed to continued humanitarian assistance, assistance to support the energy sector, and assistance to help maintain Ukraine's economic and financial stability. Also, the Government of Japan proclaimed that Japan, as the G7 Presidency in 2023, would maintain the G7's solidarity in assisting Ukraine. Furthermore, the EBRD will share the knowledge and experience it holds as the largest institutional supporter of Ukraine with the G7 countries' development finance institutions to contribute toward assisting with the reconstruction of Ukraine.
     
4. As a policy-based financial institution of Japan, the host of the G7 summit, JBIC has led discussions for establishing the platform. Through these initiatives by capitalizing on its status as a policy-based financial institution, JBIC will assist with the reconstruction of Ukraine in collaboration with the G7 countries and international institutions.
     

 

Note

1. *1 
   Participating Institutions: JBIC, Japan International Cooperation Agency (JICA), Cassa Depositi e Prestiti (CDP, Italy), FinDev Canada (Canada), PROPARCO (France), U.S. International Development Finance Corporation (DFC, the U.S.), British International Investment (BII, the U.K.), and DEG - Deutsche Investitions- und Entwicklungsgesellschaft mbH (DEG, Germany)
2. *2 
   See the joint statement.
3. *3 
   For the previous joint statement with the G7 countries and European development finance institutions, see Press Release on April 28, 2022. For a previous memorandum of understanding signed with the EBRD, see Press Release on October 17, 2022.
4. *4 
   See the website of the Ministry of Foreign Affairs of Japan "G7 Leaders' Video Conference" on February 25, 2023.