AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYNo
The export credit line extended by JBIC to has a total value of USD 18 million. Additionally, the loan is co-financed by a number of private financial institution amounting to a maximum value of USD 30 million. The governmental agency Nippon Export and Investment Insurance will provide a Buyer's Credit Insurance for the cofinanced portion.
Through Indonesia Eximbank, the export credit line finances Indonesian companies purchase of machinery, equipment and services from Japanese companies.
In this context, JBIC stated: "This credit line will contribute to further strengthening the economic relationship between the two countries, by financially supporting exports from Japanese companies to Indonesia."
JBIC has supported exports of Japanese goods and services with Indonesia Eximbank in 2009 and 2012, see related state acts.
Export credit lines
JBIC provides direct loans to overseas importers or export credit lines to foreign entities. Loans or credit lines are obtained if it finances the purchase of Japanese machinery, equipment or technology in specific eligible sectors. The Bank hereto 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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