Untied loans are loans not conditional on procurement of equipment and materials from Japan. These loans finance projects and programs primarily in developing countries; the imports they need; and their efforts to achieve balance-of-payments equilibrium or stabilize currencies. Specific projects and programs supported by untied loans are those conducive to:

• (1) Sustaining and expanding trade and direct investment from Japan;
• (2) Helping secure access to stable supplies of energy and mineral resources;
• (3) Promoting Japanese business activities;
• (4) Exerting a favorable impact on the preservation of global environment; and
• (5) Maintaining international financial order.