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Export-Import Bank of Japan

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Export-Import Bank of Japan
A former bank that was responsible for providing financing to encourage Japanese international trade. It ceased to exist in 1999 when it merged with the Overseas Economic Cooperation Fund to form the Japanese Bank for International Cooperation.


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This marked the first time any former Soviet republic had received medium-term funding by the US Export-Import Bank and got financing from the Export-Import Bank of Japan (now called Japan Bank for International Co-operation) and the Japan National Oil Corp.
The Japan Bank for International Cooperation, then known as the Export-Import Bank of Japan, in October 1998 decided to lend $302 million to the dam's private-sector developers, and in September 1999 approved a $400 million loan to the state-owned National Power Corp.
The JBIC, the product of an October 1999 merger of the Export-Import Bank of Japan and the Overseas Economic Cooperation Fund, is Japan's main foreign aid agency.
 
 
 
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