AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYNo
Financial assistance in foreign market
On 31 March 2015 the Japan Bank for International Cooperation (JBIC) issued a USD 20 million overseas investment loan to Japanese Tsuneishi Holdings Corporation. The loan finances the company's shipbuilding activities in the area of barges and pushers built by Astillero Tsuneishi Paraguay S.A., (ATP) in Paraguay. ATP is a subsidiary of Japanese Tsuneishi Shipbuilding Co., Ltd., an affiliate of Tsuneishi Holdings Corporation.
In this context the Bank stated: 'Thus, this loan will contribute to maintaining and strengthening the international competitiveness of Japanese industries through support for the overseas business deployment of Tsuneishi HD (ed. Tsuneishi Holdings Corporation).'
Overseas investment loans
JBIC provides direct loans named overseas investment loans to Japanese companies, overseas affiliates or joint ventures where Japanese companies hold equity interests and governments or financial institutions partying with such overseas affiliates. Loans support projects in specific sectors or with a specific purpose of interest to Japan. Further information can be found on the Bank's website under overseas investment loans.
The GTA includes state guarantees and other financial incentives that are likely to affect the restructuring and performance of firms facing international competition, whether from imports, in export markets, and from foreign subsidiaries.
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