Overseas Economic Cooperation Fund

(redirected from OECF)
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Overseas Economic Cooperation Fund

A former fund that was responsible for providing financing to encourage Japanese international trade. It ceased to exist in 1999 when it merged with the Export-Import Bank of Japan to form the Japanese Bank for International Cooperation.
References in periodicals archive ?
This project, part of co-financing assistance between the OECF and the World, is the first to utilise the Accelerated Co-financing Facility (ACF) plan.
The OECF merged with the Export-Import Bank of Japan in October 1999 to become the Japan Bank for International Cooperation (JBIC), as part of the government's efforts to streamline government ministries and agencies.
32 billion yen from the OECF from 1988 to 1992 and created ponds to raise eels in two locations in China, according to police.
All OECF loans committed in 1995 were untied in regard to procurement conditions and general untied loans now account for an impressive 97.
Most officials are confident that the target will be achieved but a note of caution was sounded in the OECF annual report for 1996.
Preliminary ECA approval for site preparation has also been received, while Japan's OECF has already approved a loan of Yen12.
IBRD ADB OECF (US$ (US$ (JPN [yen] Recipient million) million) billion) Public works 2,279.
48 billion yen (about 670 million dollars) and 30 billion yen (250 million dollars), respectively, OECF officials said The loan contracts were concluded under a 30 billion dollar plan unveiled late last year by Japanese Finance Minister Kiichi Miyazawa to help Asian countries hit by financial turmoil, the officials said.
This combined-cycle plant was financed by a $410m OECF loan.
They include the drafting of a proposal on using some of the funds resulting from fluctuations in currency exchange rates to subsidize the procurement of parts, the drafting of a proposal on exempting parts from import duties and suspending the payment of sales taxes on parts, and the seeking of some 20 billion yens in soft credit from OECF to provide public transportation vehicles with assistance in the form of fresh funds.
70% and a repayment term between 25 and 40 years, according to the OECF.
It is equipped with an Rp 11 billion worth waste treatment unit through the assistance of Japan's OECF.