On October 20, 2025, the Japan International Cooperation Agency (JICA) signed a loan agreement with Ambiental MS Pantanal SPE S.A. (“MS Pantanal”) of the Federal Republic of Brazil. (“MS Pantanal”) of the Federative Republic of Brazil, and a ceremony was held in the country on December 2, 2025 to commemorate the signing of the loan agreement.
This project is the first overseas investment and loan for the water and wastewater sector in the Federative Republic of Brazil, and will be cofinanced by Sumitomo Mitsui Banking Corporation (“SMBC”). The project will be co-financed with Sumitomo Mitsui Banking Corporation (“SMBC”) and meets the “Aegea Sustainable Finance Framework” (see below), based on the social and environmental contributions of the project.
Ceremony
1. loan recipient
Ambiental MS Pantanal SPE S.A.
2. country (region covered)
Federative Republic of Brazil
3. loan amount
US$70 million
4. project name
Mat Grosso do Sul State Water Environment Improvement Project
5. business purpose
This project will expand and strengthen the sewage collection and treatment system in the state of Mato Grosso do Sul (MS), Brazil, by constructing, expanding, and upgrading sewage-related facilities, thereby contributing to the improvement of the water and sanitation environment in the state.
6. business overview
This project will provide financing for new construction, expansion, and replacement of sewage collection and treatment facilities and related equipment in the State of MS.
7. contribution to SDGs
Goal 6 (Safe water and toilets worldwide)
Goal 11 (Create a community where people can continue to live)
Goal 13 (take concrete action on climate change)
8. other
Aegea Sustainable Finance Framework
Reference Information:
Aegea’s Sustainable Finance Framework was issued in 2024 to support financing through sustainable finance instruments in line with Aegea’s sustainability priorities. The Framework conforms to the following voluntary frameworks that set market criteria for classifying financial instruments as “green”, “social” and “sustainable” in order to promote the development and soundness of sustainable finance.
– Sustainability Bond Guidelines, Social Bond Principles, and Green Bond Principles published by the International Capital Markets Association (ICMA)
– Green Loan Principles and Social Loan Principles developed by the Loan Market Association (LMA), Asia Pacific Loan Market Association (APLMA), and Loan Syndication and Trading Association (LSTA)
The Framework includes a wide range of projects that contribute to the sustainable management of water and wastewater, renewable energy, pollution prevention and reduction, terrestrial and aquatic biodiversity protection, inclusive infrastructure building, and socioeconomic development and self-reliance, which confirms the integration of a sustainability perspective into Aegea’s business strategy. Aegea’s business strategy incorporates a sustainability perspective.
JICA will continue to actively promote collaboration with SMBC to accelerate the mobilization of private-sector funds for economic and social development in developing countries and regions.
© Source JICA