Study Room, Malacañan Palace
May 31, 2023
President Ferdinand R. Marcos Jr. received several of the Japan Bank for International Cooperation’s (JBIC) Board of Directors at the Study Room in Malacañan Palace.
The main discussion point centered on possible investments in renewable energy projects to address the Philippines’ power supply needs, as well as mitigate the effects of climate change in the country.
JBIC also stated its keen interest in training young Filipinos for future projects, citing the young population of the Philippines.
The Japan Bank for International Cooperation is a policy-based financial institution wholly owned by the Japanese Government that conducts lending, investment and guarantee operations, and is a leading public financial institution in the international financial market. It has supported projects all over the world such as infrastructure, natural resources and renewable energy, with the primary mission of contributing to the sound development of Japan, the international economy and society.