On March 6, 2019, the Japan Bank for International Cooperation's (JBIC) Representative Office in Manila held the Joint Business Introduction Seminar with the Japanese Chamber of Commerce and Industry of the Philippines. The seminar was intended for Japanese companies to learn the business details of the Asian Development Bank (ADB), the Credit Guarantee and Investment Facility (CGIF), and JBIC. Attendees learned how the three financial institutions can be of service to the companies' business abroad. At the seminar, Ms. Moriue, Investment Specialist of ADB's Private Sector Operations Department, Mr. Kanda, Public Private Partnership (PPP) Specialist of ADB's Office of Public Private Partnership, Mr. Tanimura, Investment Specialist of CGIF, and Miyahara of JBIC's Representative Office in Manila explained the business details of their respective organizations.
Ms. Moriue of ADB started the seminar by talking about the Private Sector Operations Department's business environments, covering the entire process in projects from structuring to financing. She also explained the policies of the department, such as its focus on agribusiness and the social sector.
Next, Mr. Kanda of ADB spoke on the subject of PPPs in Asia, and explained ADB's efforts in that field. He also introduced the advisory service offered by the Office of Public Private Partnership to the Public Division and the Asia Pacific Project Preparation Facility.
Mr. Tanimura of CGIF spoke next on the organization's mission of preventive measures against currency crisis and promotion of the economic growth of the ASEAN+3 region. The talk also covered CGIF's distinctive unconditional un-withdrawable 100% guarantee for principle and interest, and the ASEAN+3 Multi-Currency Bond Issuance Framework which CGIF is promoting.
Lastly, Miyahara of JBIC's Representative Office in Manila explained the framework of the Global Facility to Promote Quality Infrastructure Investment for Environmental Preservation and Sustainable Growth (QI-ESG) which JBIC launched in July 2018 in order to promote investment in green infrastructure projects. Also, Miyahara spoke on the expansion of eligible targets for JBIC's "Special Operations," in order to further support the overseas infrastructure business of Japanese companies.
During the Q&A session, the participants asked a variety of questions, ranging from how each organization determines interest rates to support Japanese companies' business activities.
With growing demand for infrastructure development utilizing PPPs, the application to the international organizations like ADB, CGIF and JBIC are an important tool for risk mitigation that cannot be achieved only by the private sector. The JBIC Representative Office in Manila will actively provide information for the overseas business development of Japanese companies such as PPPs.