EIB and JBIC Extend Global Partnership for Five Years
The two development banks signed a memorandum of understanding in Bangkok to continue their international collaboration.
Updated on Oct. 15, 2026 in Financial Services
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The European Investment Bank and the Japan Bank for International Cooperation have signed a memorandum of understanding extending their partnership for five years. The banks aim to support projects across Europe, Asia, and Africa.
Why it matters
The agreement formalizes a collaborative framework to address global priorities, including clean energy transitions, digital connectivity, and critical supply chain stability. It also targets long-term support for international recovery efforts, such as the reconstruction of Ukraine.
The banks have signed financing agreements totaling approximately €2.5 billion for joint projects as of October 2026. This partnership extension spans a duration of five years.
The players
European Investment Bank
The European Investment Bank is the lending institution of the European Union that provides funding for projects that further the goals of member states.
Japan Bank for International Cooperation
The Japan Bank for International Cooperation is a public financial institution that provides funding for international projects to support Japanese industry and global economic stability.
The details
The collaboration focuses on co-financing and innovative structures for projects like the Eavor Loop geothermal plant and the 1.4 GW NeuConnect electricity interconnector. The banks will perform regular project exchanges to align goals in transport, critical minerals, and recovery initiatives.
Timeline
The partnership between the two banks was established in 2018.
The memorandum of understanding was signed on October 15, 2026.
Joint financing reached approximately €2.5 billion by October 2026.
Market Landscape
This agreement strengthens the long-term cooperation between two major international development lenders to counter fragmentation in global infrastructure investment. It positions both banks to better compete for influence in emerging markets against shifting geopolitical alliances.
This partnership targets large-scale infrastructure projects that aim to stabilize clean energy supplies and digital connectivity across multiple continents. While the deal does not impact retail consumer accounts, it directly influences the availability of power and transport services in regional markets.
The takeaway
The renewal of this partnership signals a commitment to collaborative, cross-border financing for major infrastructure projects. Organizations involved in clean energy or international logistics may see increased opportunities for co-financing under these renewed institutional priorities.
Further reading
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