3 September 2010: The European Bank for Reconstruction and Development (EBRD) and Japan Bank for International Cooperation (JBIC) signed a Memorandum of Understanding (MoU) to cooperate in the co-financing of environmental projects, the development of carbon emission reduction instruments, and co-financing and non-sovereign financing of municipal infrastructure, in particular linked to climate-related projects.

Reflecting the two institutions’ strategic priority of promoting energy efficiency and climate change mitigation, the MoU outlines the opportunities for collaboration between the EBRD and JBIC. [EBRD Press Release]