IFC and NEXI sign private-sector-led development MoU

The international Finance Corporation and Japanese ECA Nippon Export and Investment Insurance have signed an agreement to jointly advance private-sector-led development in poor and fragile countries. 

The first Memorandum of Understanding between the parties will enable them to explore opportunities — through a range of financial instruments — to jointly support economic and social development in common regions of operation. 

Activities under the new framework may include project co-financing, joint work to identify and prepare candidate projects for possible collaboration, and information-sharing in relation to appropriate risk allocation and management among host governments and other parties.