Topics

MOU on Cooperation between NEXI and EBRD


October 21, 2020

Nippon Export and Investment Insurance

Nippon Export Investment Insurance (NEXI; Chairman and CEO: Atsuo Kuroda) has concluded a memorandum of understanding (MOU) with the European Bank for Reconstruction and Development (EBRD; Acting President: Jürgen Rigterink), and a signing ceremony of the MOU was held online.

The EBRD is an international financial institution promoting transition towards open market-oriented economies across countries in Central and Eastern Europe, North Africa and Central Asia, while providing financial assistance to private and entrepreneurial initiatives through investments and loans.

This agreement aims to establish a framework for cooperation between NEXI and EBRD and to help Japanese companies expanding overseas by creating new business opportunities for them in common regions of operations, while effectively combining EBRD's unique expertise as an international development bank and NEXI’s accumulated know-how of financial assistance for Japanese entities.

NEXI has been strengthening its support for private-sector endeavors toward global environmental protection and climate change, by offering a new product called “Loan Insurance for Green Innovation” 1 launched in July 2019. While the EBRD, through its Green Economy Transition approach, has increased green financing in its annual business volume. By concluding this MOU, NEXI and the EBRD are able to work in common efforts aimed at promoting infrastructure projects that will contribute to environmental preservation.

Also, this MOU meets the purpose of the Japan’s Infrastructure System Export Strategy because it will encourage private investments into developing countries, and create an investment-friendly environment for Japanese companies.

Furthermore, it is in line with NEXI’s efforts to enhance international cooperation with related organizations under the ongoing worst economic crisis since the Second World War, triggered by the global impact of the COVID-19 pandemic. Working directly with the EBRD that provides financial support for developing countries suffering from severe coronavirus outbreaks, will allow NEXI to expand its scope of assistance for Japanese companies operating in such countries.

We will continue to actively support Japanese companies’ business development overseas, as well as their exports, investments and lending into developing countries, by fostering economic cooperation with international financial institutions.

Focus Areas for Partnership

  1. 1. Exchange of information on both management policies and support programs.
  2. 2. Exchange of information on the economy and financial markets in the countries/regions in which both parties are interested.
  3. 3. Exchange of information on power/natural resources/ infrastructure sectors and Green technology in which both parties are interested.
  4. 4. Exchange of information on potential business opportunities for Japanese companies.
  5. 5. Provision of financial assistance for business projects in which Japanese companies participate in the countries receiving support from EBRD.

About EBRD

The European Bank for Reconstruction and Development (EBRD) is an international financial institution founded in 1991, by treaty in 1990 to foster the transition towards open market oriented economies and to promote private and entrepreneurial initiatives in Central and Eastern Europe, North Africa and Central Asia. Headquartered in London, the EBRD is owned by 69 countries, as well as the European Union and the European Investment Bank.

Contact:
Power Group, Structure and Trade Finance Insurance Department
Telephone: +81-3-3512-7340

1 Regarding NEXI loan insurance for Green Innovation, please refer to our press release issued on July 17, 2019:　https://www.nexi.go.jp/en/topics/newsrelease/2019072901.html

Back
PAGE UP