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Press Releases

February 27, 2012

2nd Joint Seminar among China Eximbank, KEXIM-EDCF, NEDA
–Green Growth Before Rio+20 Discussed–

PhotoJoint seminar among China Eximbank, KEXIM-EDCF, NEDA and JICA

The Japan International Cooperation Agency (JICA), the Neighbouring Countries Economic Development Cooperation Agency (NEDA) of Thailand[1], the Export-Import Bank of China (the China Eximbank)[2], and the Economic Development Cooperation Fund of the Export-Import Bank of Korea (KEXIM-EDCF)[3] held a 2nd joint seminar in Thailand on February 24th, 2012, to strengthen the partnership among east Asian donors.

In the past years, JICA has been strengthening partnership with respective institutions by holding workshops on bilateral basis[4]. This joint seminar is an attempt to bring the four institutions together to share the experiences and discuss challenges, based on the good partnership and trust established between these institutions and JICA.

The first joint seminar among these East Asian donors was held in Bangkok in October 2010, to discuss their current operations and policies including environmental and social guidelines. This time, prior to the United Nations Conference on Sustainable Development (UNCSD), so-called "Rio+20"in June 2012, the East Asian donors exchanged views on Green Growth.

It has been 20 years since the United Nations Conference on Environment and Development (UNCED) was held in 1992 in Rio de Janeiro, Brazil, and Rio+20 will be held to focus on sustainable development in view of social, economic and environmental sound integrity. The discussion on green economy, which is one of the main agenda at Rio+20, has started all over the world, and at this joint seminar, East Asian donors exchanged their views on green growth in terms of (i) significant improvement in energy efficiency through energy saving and renewable energy, (ii) measures against rapid urbanization by introducing a mass rapid transit system, and (iii) enhancing environmental sustainability through forest management and biodiversity conservation.

PhotoMr. Masato Watanabe, Vice-President, JICA takes the chair at session 1.

The China Eximbank presented its successful geothermal project in Kenya as well as a wind power project in Ethiopia, and expressed that it intends to expand these successful projects in Asia and Africa with respect for the ownership of recipient countries. In addition, the China Eximbank made active inquiries on JICA's forest management and biodiversity conservation projects in India, such as on financial return for the social and environmental sector concessional loan projects.

KEXIM-EDCF introduced its target of allocating 30% of the financial resources for green sector projects such as water supply, waste management and renewable energy, to mainstream green growth policy led by the Government of Korea. Furthermore, KEXIM-EDCF also shared their experience and knowledge from railway projects in Manila (Philippines), Intelligent Transport System in Ulaanbaatar (Mongolia), Santo Domingo (Dominican Republic) and Ho Chi Minh (Viet Nam), as well as the water supply and waste management in Viet Nam to address rapid urbanization.

NEDA took the initiative to host this 2nd joint seminar, and also made an overall presentation on the concept of green growth by presenting the mass rapid transit system and solar power projects in Thailand as an example. JICA also shared its experience in forest management and biodiversity conservation by inviting the executing agency from Orissa Forestry Sector Development Project in India. The knowledge sharing on these different experiences enriched the discussion on green growth throughout the joint seminar.

In the Asia region, in addition to China, Korea and Thailand, countries such as India and Singapore are increasingly involved in providing development assistance to other developing countries. JICA intends to proactively establish and deepen the partnership with economic development agencies of these countries by sharing its knowledge and experience at the Rio+20 and the 3rd Asian Development Forum in Bangkok this year.

Notes

  • [1] Despite the recent flood that struck the Thai economy, Thailand continues to develop at a remarkable pace, and it is also gradually expanding its role as a provider of ODA to other countries, transforming from the recipient status. NEDA is an organization established in May 2005 under the supervision of the Ministry of Finance of Thailand, in order to implement Thailand's bilateral financial cooperation and associated technical cooperation for economic infrastructure development in its neighboring countries such as Cambodia and Lao PDR.
  • [2] The China Eximbank was established by the Chinese Government as a governmental financial institution in 1994. In addition to financial support for promoting import/export and foreign investment by Chinese companies, the China Eximbank provides low-interest long-term concessional lending to foreign countries as part of foreign economic cooperation by the Chinese Government. China is, along with its own remarkable economic growth, rapidly strengthening its role as a provider of foreign economic cooperation to other countries.
  • [3] In recent years, the Government of Korea has played an active role in the international community by raising development issues as part of the main agenda at the G20 meeting in 2010 as well as hosting OECD High Level Forum on Aid Effectiveness in Busan, 2011. KEXIM-EDCF and the Korea International Cooperation Agency (KOICA) are expected to play a major role for ODA in Korea. KEXIM-EDCF is a group established within the Export-Import Bank of Korea in 1987 in order to implement Korea's bilateral ODA loan operations. KOICA was established in 1991 to provide technical cooperation as well as grant assistance to developing countries.
  • [4] Until today, JICA had three bilateral consultation meetings with China Eximbank, for strengthening partnership as an economic cooperation agency in China and Japan. Since Korea had joined the OECD DAC in December 2009 as the second Asian country after Japan, KEXIM-EDCF and JICA has been exchanging views more closely than before, and also had bilateral workshops four times so far. JICA and NEDA also had three institutional consultation meetings on mutual strategy and operation.

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