AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYNo
Financial assistance in foreign market
On 22 March 2016, the Japan Bank for International Cooperation (JBIC) signed investment credit line agreement with PT. Bumiputera-BOT Finance (BBF). The agreed credit line between the JBIC and PT. Bumiputera has a value of USD 14 million. PT. Bumiputera is a subsidiary of Japanese BOT Lease Co., Ltd.
The credit line finances BBF's lease financing loans to Japanese SMEs and mid-tier companies' overseas subsidiaries. The financing is intended to support these subsidiaries' business activities in Indonesia and other countries.
In this context the Bank stated: '...JBIC intends to give appropriate and timely support to the overseas business deployment of these mid-tier enterprises and SMEs by extending medium and long-term funds in U.S. dollars to and cooperating with BBF, which has a wide range of business relationships with Japanese mid-tier enterprises and SMEs.'
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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