On September 26, the Japan International Cooperation Agency (JICA) signed a memorandum of understanding with the European Investment Bank (EIB) (Note 1). The signing took place in Brussels in conjunction with the opening of the European Connectivity Forum.
The European Connectivity Forum held in Brussels on September 27 was attended by Prime Ministers of Asian and European leaders and regional development banks, including Prime Minister Shinzo Abe and European Commissioner Jean-Claude Junker. Discussions were held on effective financial mobilization to strengthen connectivity, debt sustainability, environmental conservation, transparency, and how development financial institutions should cooperate to achieve good governance.
At the same forum, Japan-EU Partnership on Sustainable Connectivity and Quality Infrastructure was signed between Prime Minister Abe and Chairman Junker, and the memorandum of understanding was signed.
JICA and the European Investment Bank have so far cooperated in joint investment in energy-saving / renewable energy and entrepreneur-supported business funds in Latin America and Africa. Through the signing of this memorandum, in addition to promoting infrastructure investment based on the G20 Principles for High-quality Infrastructure Investment '' adopted at G20 in June 2019, investment and financing in the fields of sustainable energy, microfinance, etc. Collaboration in technical assistance will be strengthened.
An EU policy financial institution established in 1958 for the purpose of providing long-term financing and technical assistance to projects that contribute to economic integration and balanced development within and outside Europe.
Source: Japan International Cooperation Agency