JBIC Objection Procedures (Summary of Procedures to submit Objections) October 2003

JBIC is active in lending and other financing operations for projects that contribute to environmental conservation and improvement in the developing countries by making use of a broad range of financial instruments available in its international financial operations (IFOs) and overseas economic cooperation operations (OECOs).

To continue affluent lifestyle in the years to come, it is essential for us to tackle the difficult task of achieving an appropriate balance between "economic activities for enjoying comfortable life" and "considerations for the global environment" by preserving and improving the natural environment and by efficiently using finite energy resources. To this end, JBIC carries out stringent checks for the environmental impact of JBIC-financed projects based on JBIC Guidelines for Confirmation of Environmental and Social Considerations to confirm that the project proponent makes appropriate environmental considerations

• Efforts for environmental conservation and improvement in the International Financial Operations (IFOs)
• Efforts for environmental conservation and improvement in the Overseas Economic Cooperation Operations (OECOs)