JBIC Extends Emergency Measures Intended to Respond to Global Financial Turmoil


2010-2-26
Japan Bank for International Cooperation (JBIC)

In response to the global financial turmoil, JBIC is conducting the following facilities as temporary measures to support overseas business operations of Japanese firms:

  • Supplier's credit (S/C) to finance Japanese exports to developing countries (credit for exporters) and loans for major domestic firms to finance their investment projects in developing countries (overseas investment loans), based on "Immediate Policy Package to Safeguard People's Daily Lives" decided by the Ministerial Meeting on Economic Measures on December 19, 2008, and the public notice issued by the Ministry of Finance on December 25, 2008*1.
  • Loans and guarantees for Japanese firms to finance their business operations in industrial countries, based on the Cabinet Order for Amendment of Part of the Enforcement Order of the Japan Finance Corporation Act approved by the Cabinet on December 26, 2008, and the public notice issued by the Ministry of Finance on January 27, 2009. 

 

Following "Emergency Economic Countermeseasures for Future Growth and Security" announced by the Japanese government on December 8, 2009, as well as the public notice issued by the Ministry of Finance on February 15, 2010, the period of the temporary measures above has been extended through the end of March, 2011.

Note
  1. *1 As part of its ordinary operations, JBIC has been able to provide loans for the projects undertaken by domestic small and medium enterprises in developing countries.
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