Japan, June 8 -- The European Bank for Reconstruction and Development (EBRD) and the Japan International Cooperation Agency (JICA) have launched a new facility of up to US$ 1 billion designed to expand local currency financing across the EBRD regions.The letter of intent establishing the Japan-EBRD Initiative for Development Acceleration and Inclusion (JIDAI) Special Fund was signed during the EBRD's 2026 Annual Meeting and Business Forum in Riga. It highlights the longstanding partnership between the EBRD and JICA and their shared commitment to supporting sustainable economic development.The JIDAI Special Fund will support local currency lending and investment operations, helping businesses and public-sector entities reduce exposure to for...