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Japan Bank for International Cooperation
The , also known by its acronym, JBIC, is a Japanese public financial institution and export credit agency that was created on October 1, 1999, through the merge of the Japan Export-Import Bank (JEXIM) and the Overseas Economic Cooperation Fund (OECF).
JBIC is the international wing of the (administered by the Ministry of Finance) established on October 1, 2008. The bank is wholly owned by the Japanese government, and its budget and operations are regulated by the JBIC law. It is headquartered in Tokyo and operates in 18 countries with 21 offices. The main purpose of the institution is to promote economic cooperation between Japan and overseas countries by providing resources to foreign investments and by fostering international commerce. It has a major role in promoting Japanese exports and imports, and the country's activities overseas. The bank's presence can be seen both in developed and developing countries. It tries to contribute to the stability of the international financial order and to the promotion of sustainable development. It follows a policy of not competing with ordinary financial institutions. The bank is one of the instruments of Japan's official development assistance (ODA), which contributes to the execution of the country's foreign policy. As it aims at sustainable development, JBIC is concerned about social and environmental issues,〔(【引用サイトリンク】title=Guidelines for Confirmation of Environmental and Social Considerations )〕 and requires environmental impact assessment studies to provide funding to any project.
==Inauguration of the new JBIC==
Following the passage of the Japan Finance Corporation Law on May 18, 2007, during the 166th Ordinary Diet Session, the international financial operations (IFOs) of Japan Bank for International Cooperation (JBIC), National Life Finance Corporation (NLFC), Agriculture, Forestry and Fisheries Finance Corporation (AFC), and Japan Finance Corporation for Small and Medium Enterprise (JASME) were merged on October 1, 2008, to become a new policy-based financing institution, tentatively called Japan Finance Corporation (JFC).
To maintain the international trust and confidence enjoyed by JBIC, the international finance sector of JFC will continue to use the name "Japan Bank for International Cooperation".〔(【引用サイトリンク】title=Profiles of JFC and JBIC )〕
抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』
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