Japan: Funding of Bulgarian purchases of Japanese exports
Description
On 17 December 2009 the Japan Bank of International Cooperation (JBIC) extended an export credit line worth 20 million euro the Bulgarian Development Bank AD. According to the relevant press release "This credit line was extended to the Bulgarian Development Bank AD, a governmental financial institution pursuing the objective of promoting trade, developing infrastructure and fostering small and medium enterprises (SMEs), to finance Bulgarian firms for the import of machinery, equipment and services from Japanese exporters. The credit line, which provides medium and long-term funds in euro or yen, will facilitate the purchase of machinery, equipment and services from Japan and is thereby expected to lead to increased exports by Japanese firms to Bulgaria."
Any Evidence-Based Deliberation:
| Question | Result |
|---|---|
| Is there anything in the public record to suggest that evidence of the effectiveness of the proposed measure was considered during official deliberations? | |
| Is there any evidence that alternatives to the proposed measure were considered? | |
| Is there anything in the public record that suggests that empirical evidence informed the comparison across the alternatives available to government? | |
| Was such evidence identified? | |
| Is such evidence publicly available? | |
| Did the official decision-maker in question provide an explanation as to why a chosen measure was favoured over alternatives? | |
| Is there any evidence to suggest that potentially affected trading partners were consulted before the measures were taken? | |
| Is there any evidence that safeguards have been put in place to ensure that implementation of the initiative is transparent and non-discriminatory? | |
| Did the government state its intention to review the measure within one year of implementation? |
Date Discovered:
Implemented: Yes
Date of inception: 17 Dec 2009
GTA Evaluation: Red
Source:
"Export Credit Line for Bulgarian Development Bank." 18 December 2009. Press release found at www.jbic.go.jp
Government Response:
- 323 reads
