AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYNo
Financial assistance in foreign market
The overseas investment loan agreement between JBIC and the Indonesian company PT SURYA ARTHA NUSANTARA FINANCE (SANF) has a maximum value of USD 40 million. The Indonesian company is jointly owned by Indonesian PT Sedaya Multi Investama (60%) and the Japanese owned companies Marubeni Corporation (35%) and PT Marubeni Indonesia (5%).
The loan finances the Indonesian company's finance leasing and sales financing business of construction machinery in Indonesia.
In this context, the bank stated: "... this loan will underpin local sales expansion of Japanese-affiliated construction machinery manufacturers through financing SANF that has more than 80 percent of dealings, and thereby contribute to maintaining and strengthening the international competitiveness of Japanese industries."
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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