The Second Annual Meeting for Policy Dialogue between Mexico and JBIC
To Confirm the Cooperation on Promoting Renewable Energy in Mexico

The Japan Bank for International Cooperation (JBIC; President& CEO: Hiroshi Okuda) held the second annual meeting on policy dialogue with the Mexican government in Tokyo on October 11, 2012.

The annual meeting was based on the framework agreed in the memorandum of understanding (MOU)^*1 signed on February 22, 2011, with the Ministry of Finance and Public Credit of the Untied Mexican States (SHCP) and ProMexico. This was the second annual meeting.

The attendees from JBIC included Hiroshi Watanabe (CEO, Executive Managing Director), Tadashi Maeda（Managing Executive Director – Infrastructure Finance Group), Noriyoshi Torigoe (Executive Officer for the Americas) and others, and from Mexico, Mr. Meade (Secretary, SHCP), Mr. Rodriguez (Undersecretary, SHCP), Mr. Olive (Head of the Investment and International Business Promotion Unit, ProMexico) and Mr. Heller (Ambassador to Japan).  At the meeting, the attendees discussed mainly possible business opportunities and cooperation on renewable energy and energy saving.

In the meeting, the government of Mexico introduced investment opportunities in the Mexican manufacturing sector, and expressed the appreciation for the recent cooperative relationship with JBIC, especially in guaranteeing and partial acquisition of Samurai bonds under the Guarantee and Acquisition toward Tokyo market Enhancement (GATE) program. Also, the attendees exchanged opinions on possibility of setting up an investment fund, targeting the renewable energy and energy saving sector in Mexico.  Concluding the meeting, the agreed minutes were signed, confirming the discussion and plan on both sides for setting up the fund.

JBIC will continue the policy talks, considering the outcome of this meeting, on the promotion of renewable energy and energy saving in Mexico, and the discussion with Mexican government agencies toward the formation of more concrete projects, supporting business opportunities of Japanese companies in Mexico.

Note

1. *1 Please refer to the press release on February 23, 2011, "MOU with Mexican Government to Strengthen-Dialogue for Promoting Business Cooperation"