Signing of Loan Agreement for the Northeastern Clean Power Distribution Improvement Project in Brazil (Private Sector Investment Finance): JICA's first Sustainability-Linked Loan and first application
Brazil, June 17 -- On March 23, Japan International Cooperation Agency (JICA) signed a loan agreement with Neoenergia Coelba, the electricity distribution utility serving the State of Bahia of the Federative Republic of Brazil and held a signing ceremony in Salvador on June 15.This transaction represents JICA's first Sustainability-Linked Loan (SLL) worldwide, with terms tied to the achievement of Sustainability Performance Indicators. It also marks the inaugural application of JICA's Sustainable Finance Framework, developed in partnership with MUFG Bank for co-financing operations, setting a new milestone in the agency's financing activities. The funds will support the modernization of Bahia's electricity distribution network, with focus o...
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