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: 30 Mar 2012 | Removal date: open ended
Still in force

Trade finance

On 30 March 2012, the Japan Bank for International Cooperation (JBIC) agreed with the African Export-Import Bank (Afrexibank) to offer an export credit line for the purchase of services and equipment.
The credit line amounts to USD 100 million, of which USD 60 million provided by JBIC and the rest by The Bank of Tokyo- Mitsubishi UFJ, Ltd. The funds can be used to extend medium- and long-term loans to finance the purchase of services and/or equipment by African companies from Japanese exporters.
The JBIC hopes that 'this loan will help sustainable growth in this region through financial support for Japanese exports to African countries'.
 
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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