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Tiger feats
01 July 2005
JBIC's new product mix positions it as one of the most innovative ECAs worldwide. Is it enough to keep Japan Inc competitive abroad? By Andreas Campomar
Read more:
[project finance]
[mezzanine]
[project finance]
[power projects]
[power projects]
The Asian project finance market is gathering pace. According to David Gore, managing director, project finance and advisory at SG CIB, Hong Kong, "In the past couple of years there has been a real pick-up in the level of asset acquisition activity by Chinese, Japanese and other Asian corporates." More importantly, these hitherto risk-averse sponsors are no longer just sticking to their domestic markets but have begun to pursue projects outside the region, particularly in the Middle East, Latin America and even Africa. Given this current trend, Asian export credit agencies (ECAs) will have their work cut out.
There is, however, one ECA that stands out from the rest in the region: the Japan Bank for International Co-operation (JBIC). With total assets of ¥9,779.5 billion ($86 billion) and ¥1,727.5 billion in total capital and reserves in its International Financial Account, there is no other ECA in Asia-Pacific that...
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