First Credit Line for Government of Côte d'Ivoire under GREEN Operations
Supporting Environmental Preservation Projects in Republic of Côte d'Ivoire

• Region: Africa
• Environment
• Untied Loans

1. The Japan Bank for International Cooperation (JBIC; Governor: HAYASHI Nobumitsu) signed on May 29 a General Agreement to provide a credit line with the government of the Republic of Côte d'Ivoire amounting to up to EUR150 million, of which JBIC's portion is EUR90 million.
     
2. The credit line, JBIC's first extended to Côte d'Ivoire, is intended to provide, through the government of Côte d'Ivoire, the funds necessary for implementing environmental preservation projects in the country under GREEN operations^*1.
     
3. The government of Côte d’Ivoire announced a greenhouse gas (GHG) emissions reduction target of 30.41% (compared to BaU^*2) by 2030 under its Nationally Determined Contributions (NDC), an action plan that addresses climate change under the Paris Agreement. Côte d’Ivoire regards climate action as one of the pillars of its national development strategy and is experiencing more business opportunities in the green sector toward low-carbonization and decarbonization. Following the signing of a Memorandum of Understanding^*3 in August 2022, JBIC signed a Heads of Agreement^*4 in December 2024 to support initiatives implemented by the country, including those related to decarbonization, strengthening its relationship with the nation’s government. In addition to strengthening such relationship, JBIC contributes toward identifying and structuring projects involving Japanese companies in Côte d’Ivoire through this credit line.
     
4. In the Fifth Medium-Term Business Plan, released in June 2024, JBIC aims to contribute toward realizing both carbon neutrality and economic growth, supporting efforts toward global green transformation (GX) and energy transitions based on countries' diverse pathways to carbon neutrality. This credit line is in line with the Medium-Term Business Plan of JBIC.
     
5. As Japan's policy-based financial institution, JBIC will continue to provide financial support for sustainable development efforts, including those for global environmental preservation, by drawing on its various financial facilities and schemes for structuring projects and by performing its risk-assuming function.
     

Note

1. *1 
   See Announcement on July 2, 2018.
2. *2 
   Business as Usual: If the status quo is maintained without taking any reduction measures.
3. *3 
   See Press Release on August 29, 2022.
4. *4 
   See Press Release on December 24, 2024.