Supporting trade finance and Samurai bond issues of developing countries JBIC continued to support trade finance*3 to facilitate trade transactions affected by the financial crisis by signing a loan agreement totaling up to 20 billion yen as a trade finance facility with the Korean Development Bank.
Research on Trade Finance Scheme in Japanese Yen for Exporting Companies in Thailand IIMA analyzed the reasons and grounds for the slow progress in the yen-denominated trade transaction in Thailand by examining actual conditions of trade finance and current practices in currency choice in international trade..
Research on Trade Finance Scheme in Japanese Yen for Exporting Companies in Vietnam By examining the actual trade finance system in Vietnam, IIMA analyzed the reasons and problems that were preventing the export companies in Vietnam from engaging in the yen-denominated trade transactions.
Foreign Corporations and Executives- As a full-service professional consultancy, companies retain PGP to advise and manage the multifaceted aspects of their US or foreign business dealings including- Outsourced Business Operations Support, Immigration& VISA Services, Integrated Trade Finance, and Travel Services.
The bank's Straight2Bank application- named the best corporate online banking application by Global Finance magazine- provides wholesale banking customers around the world with online cash management, trade finance, foreign exchange, and securities trading services through a single sign-on portal.
This loan is a concrete financing effort under the Trade Finance Initiative launched and expanded by the Government of Japan in February and April 2009. JBIC will continue to steadily implement a series of measures under this Initiative to support trade finance.
IFC, a multilateral development finance institution, is a member of the World Bank Group set up with the aim of supporting private sector development in developing countries. IFC is thus actively supporting trade finance and is engaged in implementing the GTLP.
Additionally, the Group plans to actively pursue opportunities in international transactions such as trade finance against the backdrop of increased economic and trading activities among Indonesia and countries such as Japan and Korea(East Asia) and other ASEAN countries.
While JBIC has built up a mutual relationship with CAF for more than 30 years through financing infrastructure projects and Japanese exports to its target regions, this is the first loan to CAF for the purpose of supporting trade finance.
CAF is a regional development finance institution consisting of 19 shareholder countries*1, primarily in Latin America and the Caribbean. The objective of the CAF is mainly to promote economic integration, development and trade finance in the region.
As credit contraction caused by the global financial crisis has had a significant impact on the effective supply of trade finance, especially in developing countries, close cooperation between JBIC and IFC to facilitate trade finance is expected to lead to speedy and effective support for bolstering trade transactions.
Promotion of the Internationalization of the Yen Trade Finance Scheme in Japanese Yen for Exporting Companies in Vietnam Focusing on how to expand the Yen denominated trade finance to exporting companies in Vietnam by local commercial banks, we set up an unofficial task force with the members from the Vietnamese central bank, relevant authorities, local private banks and Japanese banks to discuss the issues and possibilities from various aspects.
The agreements we have reached today, to treble resources available to the IMF to $750 billion, to support a new SDR allocation of $250 billion, to support at least $100 billion of additional lending by the MDBs, to ensure $250 billion of support for trade finance, and to use the additional resources from agreed IMF gold sales for concessional finance for the poorest countries, constitute an additional $1.1 trillion programme of support to restore credit, growth and jobs in the world economy.
These areas are: infrastructure, private investment and job creation, human resource development, trade, financial inclusion, growth with resilience, food security, domestic resource mobilization, and knowledge sharing.
We encourage further implementation of these initiatives with a view to promoting policy coordination, facilities connectivity, unimpeded trade, financial integration, and people-to-people bonds in the region, and encourage further collaboration among these initiatives in order to promote regional economic integration and the common development of the Asia-Pacific region.
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