Overseas Economic Cooperation Fund

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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 ?
The OECF alternative accounts for these truths and provides an estimate of cash available for distribution to the owners, the common stock shareholders.
The loan agreement was signed on 25 September 1998 at the OECF head office in Tokyo by OECF's President and Chairman of the Board, Mr Kyosuke Shinozawa, and Minister of Finance of The Republic of Mauritius, Dr Vasant Bunwaree.
Police said she lied to an OECF official by saying the joint venture had asked her to raise the money and that the firm had ponds in "full operation.
The OECF is a Japanese government corporation set up to implement low-interest loans from Japan to developing countries.
More significantly, the average grant element of OECF ODA loans reached a record high of 60.
By highlighting the extent of support that might become available from the IMF, the World Bank, the ADB, and the OECF, I was not being unrealistically optimistic.
Financed by a $410m OECF loan, it has four 100 MW gas turbines and two 100 MW steam turbines.
11 trillion yen whose disbursement will be implemented in fiscal 1999 or thereafter, the OECF said.
The OECF is a Japanese government corporation set up to implement Japan's low-interest loans to developing countries.
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.
According to the OECF, the loan will be used to reconstruct and extend Astana Airport, which will both improve safety and allow the airport to deal with the current traffic growth.
Preliminary ECA approval for site preparation has also been received, while Japan's OECF has already approved a loan of Yen12.