AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYNo
On 15 November 2012, the Japan Bank for International Cooperation (JBIC) signed a memorandum of understanding (MOU) with Export Credit Bank of Turkey to share information on future collaboration in financing.
The JBIC stated that 'the objective of this MOU is to explore future cooperation ... for supporting the financing of Japanese exports to Turkey and its neighboring countries and to exchange information regarding potential projects involving the export of Japanese machinery and equipment from Japan under the future financing cooperation'.
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.
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