ANNOUNCED AS TEMPORARYNo
On 30 September 2015, JBIC signed a guarantee agreement of a total value of JPY 23.4 billion (USD 195.37 million) with nine financial institutions covering the principal and interest of their loans granted to Japanese ANA HOLDINGS INC.
The loans and guarantee are intentioned to support the Japanese airline's purchase of an aircraft.
In this context, the Bank stated: 'Thus it (ed. the guarantee) will contribute to maintaining and strengthening the international competitiveness of the Japanese aviation industry."
Guarantees for imports of manufactured goods
JBIC provides financial guarantees for goods and services deemed essential to the development of the Japanese economy. This includes the import of for example aircrafts. Further information can be found on the Bank's website under guarantees for imports of manufactured products.
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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