AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYNo
Financial assistance in foreign market
The overseas investment loan agreement between JBIC and PT. Sumiden Sintered Components Indonesia has a maximum value of 130 billion Indonesian Riyal (USD 16.44 million). The company is an Indonesian subsidiary of the Japanese company Sumitomo Electric Sintered Alloy, Ltd. The loan finances the construction of a LIPPO industrial complex to manufacture and sell sintered alloy parts for automobiles in Indonesia.
In this context, the Bank stated: "This loan will support business deployment of a Japanese company in Indonesia with the local currency. Such a loan will thus contribute 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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