Seventh Credit Line for BNDES under GREEN Operations
Supporting Biofuel and Electricity Transmission Projects in Brazil

• Region: Latin America and the Caribbean
• Infrastructures
• Environment
• Untied Loans

1. The Japan Bank for International Cooperation (JBIC; Governor: HAYASHI Nobumitsu) signed today a loan agreement to set up a credit line totaling up to USD185 million, of which the JBIC portion is USD111 million, with Banco Nacional de Desenvolvimento Econômico e Social (BNDES), the Brazilian Development Bank, taking the opportunity of the 14th Wise Group Meeting for Strategic Economic Partnership between Japan and Brazil held in Tokyo. The credit line is co-financed with Citibank, N.A., Tokyo Branch, and The Nishi-Nippon City Bank, Ltd. JBIC will also provide a guarantee for the co-financed portion.
     
2. This credit line is intended to finance, through BNDES, the funds necessary for biofuel and electricity transmission projects in Brazil as part of GREEN operations^*1. This is the seventh such credit line made to BNDES since March 2011, and the most recent one was established in March 2025^*2.
     
3. BNDES is Brazil’s main policy-based financial institution dedicated to long-term financing. Given the mission of fostering sustainable development in the Brazilian economy, BNDES is actively providing support for climate change measures and industrial innovation. JBIC and BNDES have built up a close cooperative relationship over 60 years, with JBIC providing loans and technical assistance to projects in Brazil in such areas as industrial investment, export promotion, and infrastructure development. In November 2025, JBIC signed an addendum to the Memorandum of Understanding (MOU), taking the opportunity of the 30th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP30)^*3. This credit line is set up based on the addendum. By establishing this credit line, JBIC expands the scope of its support from biofuel production to logistics development through its partnership with BNDES, which has strengths in infrastructure support, thereby further strengthening cooperation between JBIC and BNDES.
     
4. In the Fifth Medium-Term Business Plan, released in June 2024, JBIC aims to contribute toward realizing both carbon neutrality and economic growth. Under its ESG Policy released in October 2021, JBIC advances the realization of global carbon neutrality by supporting and accelerating energy transitions toward a decarbonized society in emerging and developing countries. The loan is in line with the Medium-Term Business Plan and ESG Policy of JBIC.
     
5. As Japan's policy-based financial institution, JBIC will continue to support global environmental preservation efforts in cooperation with overseas government financial institutions and Japanese private financial institutions, including regional financial institutions, by drawing on its various financial facilities and programs for structuring projects and by performing its risk-assuming function.
     

Note

1. *1 
   See Announcement on July 2, 2018.
2. *2 
   See Press Release on March 26, 2025.
3. *3 
   See Press Release on November 14, 2025.