AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYNo
On 17 July 2013, the Japan Bank for International Cooperation (JBIC) signed a memorandum of understanding with Vale S.A. (Brazil) to identify projects to secure stable supply of mineral resources to Japan.
Vale is a world-leading supplier of mineral sources and the JBIC will work for a more active collaboration to support the supply of iron ore and mineral resources for Japanese companies.
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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