AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYNo
Financial assistance in foreign market
The overseas investment loan agreement signed on 24 August 2012 between JBIC and Japanese Sumitomo Corporation has a value of USD 130 million.
The loan signed with Sumitomo Corporation will finance the company's acquisition of equity shares in the Chilian company Sierra Gorda SCM from Canadian KGHM International Ltd. In doing so the Japanese company will hold equity shares in the Sierra Gorda Copper Mine project.
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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