Amendment of the JBIC Act


2016-5-11
Japan Bank for International Cooperation (JBIC)

The Act for Partial Amendment of the Japan Bank for International Cooperation Act was enacted on 11 May, 2016.

The purpose of the amendment is to enhance the JBIC functions to provide further support toward Japanese companies' overseas businesses by enabling JBIC to take further risks regarding overseas infrastructure and other foundations for socioeconomic activities, allowing JBIC to procure foreign currency from financial institutions by means of long-term borrowing, and diversifying JBIC's assistance tools.

Utilizing the functions enhanced by this Partial Amendment Act, JBIC continues to support Japanese companies' overseas businesses in accordance with the Japanese Government's policy, such as the "Partnership for Quality Infrastructure.*1"

Notes
  1. *1  Please refer to the website of Ministry of Finance for details ( "Announcement of the Partnership for Quality Infrastructure" and "Announcement of Follow-up Measures of the Partnership for Quality Infrastructure").
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