About JBIC

Japan Bank for International Co-operation (JBIC) is a Japanese Government financial institution which was incorporated on the 1st October, 1999 after the merger of erstwhile Overseas Economic Cooperation Fund of Japan (OECF) and the Export Import Bank of Japan (EXIM). Its headquarters is at Tokyo and the Bank operates through its 27 representative offices located across the world, extending financial assistance to 94 countries. The JBIC was created as an Organization which shapes Japan’s economic policy and co-operation in response to the changing scenario of the world economy.

The JBIC operates on two fronts. On one fronts, it conducts International Financial Operations and on the other, it conducts the Overseas Economic Cooperation operations, which provides financial assistance including ODA loans.

India is the first recipient country of the Japanese ODA loans ( 1958). This year (2007) the JBIC is celebrating its fiftieth year of very illustrious and successful presence in India. The basic purpose of the operations of the JBIC is to provide concessional long-term, low-interest fund (ODA loans) needed for the self-help efforts of developing countries, for socio-economic infrastructure development and economic stabilization. ODA loans are an integral form of financial assistance which is essential for a developing country to put in place socio-economic infrastructure required for the economic development. The JBIC has also been the largest bilateral donor to India for more than a decade.

JBIC in Forestry Sector:

Environmental issues constitute an important policy area of concern of the Japanese government. The basic environment law of Japan enacted in 1983 calls for active promotion of global environmental conservation, through international cooperation. And the Environmental conservation is one of the main features of Overseas Development Assistance (ODA) charter adopted in 1992. The ODA is granted for the compatibility between environment and development, which is the paramount principle under the ODA charter. And so the environment and forestry is a priority area for the JBIC.

Objectives of Forestry Projects:

The objective is to take up large scale afforestation to bring about ecological up-gradation through the active participation of the people. And, its objective is also to augment the NTFP resources to meet the requirement of the people together with the alleviation of poverty on sustainable basis through improvement of livelihood opportunities of the forest fringe dwellers.

For further details kindly log on to: http://www.jbic.go.jp/english/