AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYNo
Financial assistance in foreign market
The overseas investment loan agreements between JBIC and JD Rockies Resources Limited has a maximum value of USD 308 million. The company is located in the United States and is a subsidiary of the Japanese company ITOCHU Corporation.
The loan finances ITOCHU Corporation's ability, through its subsidiary, to acquire around 25% equity shares of Samson Investment Company. In doing so the Japanese company is able to participate in the development of unconventional natural resources in the United States and being given a portion of the natural gas hereto produced.
In this context, the Bank stated: "JBIC will continue to actively support the further development and acquisition of interests by Japanese companies in energy resources and mineral resources."
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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