IMPLEMENTATION LEVEL

NFI

AFFECTED FLOW

Outflow (subsidised)

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

firm-specific

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 17 Apr 2013 | Removal date: open ended
Still in force

Trade finance

On 17 April 2013, the Japan Bank for International Cooperation (JBIC) agreed with Banco Centroamericano de Inegración Económica to offer an export credit line to finance Japanese exports in Central America and other countries.
 
The credit line amounts to USD 50 million, of which 30 million are provided by JBIC and the rest in form of buyer's credit insurance by Nippon Export and Investment Insurance (NEXI).
The credit line can be used to extend medium- and long-term loans to local companies for the purchase of general machinery and equipment related to the following sectors: renewable energy, climate change mitigation and water industry.
 
The JBIC reported that 'the credit line is supporting the expansion of Japanese exports to countries in Central America and others'.
 
The JBIC is a public financial institution and export credit agency created on 1 October 1999 through the merger of the Japan Export-Import Bank and the Overseas Economic Cooperation Fund.

AFFECTED COUNTRIES

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