AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYNo
On 3 December 2015, the Japan Bank for International Cooperation (JBIC) signed a credit line agreement (Untied Loan) totalling USD 100 million with Brazilian Banco Nacional de Desenvolvimento Econômico e Social (BNDES). JBIC will in this context provide USD 50 million. Moreover, JBIC will provide a partial guarantee for an additional co-financed portion granted by a number of private Japanese banks. The export credit line will, through BNDES, finance projects focusing on renewable energy in Brazil, including Japanese companies.
In this context, JBIC stated: 'this loan is expected to help reduce GHG emissions in Brazil as well as provide opportunities to propagate internationally acclaimed Japanese advanced environmental technologies in Brazil'
The HS codes are based on the paper "HS Codes and the Renewable Energy Sector" published by the ICTSD. HS codes may, therefore, differ from what this measure covers.
Untied loans either finance projects with a specific global purpose and/or promote Japanese businesses. As such, untied loans may actively finance projects aimed at bettering the "global environment" or "sustaining and expanding trade and direct investment from Japan". More information can be found on the Bank's website under Untied 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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