AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYNo
Financial assistance in foreign market
The overseas investment loan agreement between JBIC and PT.G-TEKT Indonesia Manufacturing has a maximum value of USD 18 million. The company is an Indonesian subsidiary of the Japanese company G-TEKT CORPORATION.
The loan finances the Indonesian subsidiary's purchase of certain facilities for the manufacturing and sales of automotive parts and components in Indonesia.
In this context, the Bank stated: "This loan will support business operations of G-TEKT in Indonesia, thereby contributing to maintaining and improving the international competitiveness of Japanese auto parts manufacturers."
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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