28/10/2022 - 10:27 1305

А seminar on the Joint Credit Mechanism (JCM – Joint Credit Mechanism) in a hybrid format was organized at the Ministry of Economic Development and Poverty Reduction.

The seminar was attended by Japanese companies AvantGarde Group, SDG Impact, Yokogawa Electric and a specialist in climate finance and carbon markets of the EBRD, as well as representatives of ministries and departments.

During the seminar, representatives of foreign companies made presentations about the essence of JCM, the advantages they provide to manufacturing enterprises, the volume of investments directed to these projects, and the documents necessary for the formation of investment projects. For information: in 2023, Japan plans to allocate 350 million US dollars for projects implemented abroad within the framework of JCM.

In particular, during the presentations, the program of the Japan joint lending mechanism, plans for the implementation of cooperation in this area, the activities of JCM institutional structures, including the Joint Committee, financing instruments, projects implemented within the framework of JCM, the development of programs were discussed.

There was also an exchange of views on the effective use of the experience gained during the implementation of similar projects, the formation of a national infrastructure for projects, as well as a portfolio of JCM projects.

At the end of the webinar, the parties agreed on further cooperation in this area.

Information Service of the

Ministry of Economic Development and Poverty Reduction