IMPLEMENTATION LEVEL

NFI

AFFECTED FLOW

Outflow (subsidised)

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

firm-specific

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 20 Aug 2009 | Removal date: open ended
Still in force

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 Finance
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.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

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