Export Credit Line for The Development Bank of Southern Africa
Supporting Japanese Exports to the African Region
- Area: Africa
- Machinery and Equipment
JBIC established an export credit line*1 for The Development Bank of Southern Africa to provide funds for local companies in Southern Africa and other regions of Africa to purchase machinery and equipment from Japanese companies. Many Southern African countries have an abundance of resources, and their economic growth fueled by resources development continues to reinforce the need to develop the local infrastructure. Against this backdrop, Japanese companies are looking toward these countries for opportunities to export machinery and equipment, and therefore have rising expectations on the role that JBIC can play in this region.
- *1An export credit line is a form of export credit in which JBIC commits to the maximum amount of credit to be extended to foreign banks or other entities to finance exports of machinery, equipment and services from Japan.