Japan, Feb. 19 -- To strengthen collaboration and explore opportunities in their common regions of operation, including Ukraine, IFC and the Japan Bank for International Cooperation (JBIC) renewed a memorandum of understanding (MOU) on 14 February. The agreement was signed in a virtual ceremony by Riccardo Puliti, IFC's Regional Vice President for Asia and the Pacific and Kazuhiko Amakawa, Deputy Governor, JBIC.
Under the MOU framework, IFC and JBIC will identify scopes to work jointly to advance economic and social development in the regions they both operate, especially in post-war Ukraine and the neighboring countries. The collaboration aims to focus on three areas, which include sustainability with an emphasis on global energy transiti...