JBIC: Set up the JBIC Facility for African Investment (FAI) and provide financial support of $2.5 billion
- Yokohama Action Plan
- [3]Utilize more effectively official funding sources such as investment credit, trade and investment insurance to enhance PPP and leverage private capital flows to Africa.
- Proposed Measures by Japan/Implementing Partners
- ● Utilize other official flows (OOF) to encourage foreign investment to Africa
- Potential Resources, Possible Contributions
- JBIC: Set up the JBIC Facility for African Investment (FAI) to offer equity investment, guarantees, and local currency financing. JBIC will provide financial support of $2.5 billion over 5 years
- Related Links
Current Status of Implementation 2009
- Country
- Africa
- Status
- This year JBIC signed loan agreements, e.g., for a Japanese company to expand production and sales capacity of anti-malaria nets in Tanzania, and for supporting trade finance operation of The Standard Bank of South Africa Limited. Since TICAD IV, JBIC has made overall financial commitments equivalent to over US $1.3 billion toward African countries.
- More information
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- Budget
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Current Status of Implementation 2008
- Country
- Africa
- Status
- On July 1, 2008, JBIC established the Africa Office to effectively achieve a goal of providing financial support of US$2.5 billion over the next five years to Africa. After TICAD IV, JBIC committed loans of US$712 million and provided guarantee of US$28 million for power transmission network project in South Africa, natural gas development project in Egypt and etc.
- More information
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- Budget
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