AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYNo
Financial assistance in foreign market
The Korean Eximbank provided USD 225 million for the Al Qatrana private sector development project in Jordan in project financing. The amount consists of USD 125 million loan and USD 100 million external liability guarantee in project financing. This project involves the construction and later operation of a gas combined cycle power plant. The loan and guarantee will support Korean company participation in the project.
In this context, Korea EximBank stated that: "This project will serve as a gateway for Korean companies to increase participation in the MiddleEast, the world's largest private sector development market."
Project Financing is provided to certain foreign large-scale projects. Repayments of such loans include preferential terms such as repayments mainly being made from the project’s own cash flow generation. Project financing loans are solely eligible for projects which include Korean companies participating as an exporter, sponsor or as an operations and maintenance contractor. More information on the Bank's financial instruments can be found on the official website or the "Guide to the Import-Export Bank of Korea" publication.
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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