📋 Tender Overview
The Japan Bank for International Cooperation (JBIC; Governor: HAYASHI Nobumitsu) signed on March 25 a Memorandum of Understanding (MOU) with Banco Nacional de Desenvolvimento Econômico e Social (BNDES), a Brazilian Development Bank, taking the opportunity of President of Brazil H.E. Luiz Inácio Lula da Silva's visit to Japan.
The MOU will contribute to creating business opportunities and structuring projects for Japanese companies in Brazil through strengthening cooperation between BNDES and JBIC. This cooperation will focus on fields in which Brazil has abundant business opportunities, such as mineral resources and sustainable energy resources including hydrogen, ammonia, sustainable aviation fuel (SAF), and bioethanol, as well as climate change response.
BNDES is the main instrument to implement Brazil's long-term investment policy. Given the mission of fostering sustainable development in the Brazilian economy, BNDES is actively providing support for climate change measures and industrial innovation, in addition to its previous infrastructure support. 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, infrastructure development, and global environmental conservation. In line with this MOU, a loan agreement was signed*1 as part of JBIC's GREEN operations*2. As a result, the relationship between the parties is expected to become even stronger.
As Japan's policy-based financial institution, JBIC will continue to financially support the creation of business opportunities and the promotion of business for Japanese companies and contribute toward the further development of close economic relations between Japan and Brazil while collaborating with such overseas policy-based financial institutions.
