The IFC and the Japan Bank for International Cooperation (JBIC) have signed a memorandum of cooperation to further strengthen their partnership on projects involving private-sector trade and investment finance operations in developing countries. IFC executive vice-president and CEO Lars Thunell signed the agreement with JBIC’s governor Koji Tanami.

The two development agencies have mainly collaborated on project financings.

IFC has mainly collaborated with JBIC on project financings, but it also has participated in other IFC programmes. Japan provided untied loans as part of an IFC agribusiness programme in Indonesia aimed at supporting farming communities.