On 21 March 2010 the Japan Bank for International Cooperation (JBIC) agreed to extend export credit lines, worth 4 billion yen and 40 million USD respectively, to Banco Santander Chile. According to the relevant press release "These credit lines...will provide financing for Chilean importers to facilitate their import of machinery, equipment, and services from Japanese firms." The press release goes on to note that purchases of digital broadcast equipment by Chile could be supported by this initiative, in particular equipment compatiable with the ISDB-T standard that was developed in Japan.