AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYNo
The export credit line agreement between JBIC and the government of Ecuador has a total maximum value of USD 9.6 million. Additionally, the loan is co-financed by a private financial institution amounting to USD 16 million. The governmental agency Nippon Export and Investment Insurance will provide a Buyer's Credit Insurance for the co-financed portion.
The loan finances the government of Ecuador's purchase of terrestrial digital broadcasting equipment by Japanese Companies
In this context, JBIC stated: "This credit line will support the export of related equipment from Japan and expand high-quality terrestrial digital broadcasting in Ecuador. It also will contribute to the maintenance and improvement of the international competitiveness of Japanese industries and the international propagation of the Japanese terrestrial digital broadcasting standard backed by public-private cooperation."
Export credit lines
JBIC provides direct loans named export credit lines to overseas importers. Loans are obtained if it finances the purchase of Japanese machinery, equipment or technology in specific eligible sectors. The Bank stated that these loans are intended to “positively contribute to Japanese companies”. Further information can be found on the Bank’s website under export 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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