More than [ 10 billion US Dollar ] from J-EXIM/OECF Japan is far prominent, if we take alloted portion of IMF/WB/ADB in acount FinanceSource Amount Sub-Total Condition Purpose Tailand J-EXIM
40 b\ 17,200m$ International Parallel Finance
to improve currency balance
to assist Export Industry
15m$ LIBOR+.75 to smooth Import from Japan
to Adress Finance Sector
Reform Indonesia J-EXIM
20 b\ LIBOR+
30y/2.2% to encourage Export
to improve currency balance Rosia ( IMF etc.) 22,600m$
++ Are these money really effective to reconstruction of Economy ??
Since these finances are not for [Project] , usage of fund is determined
by the Governmental Banks to those commercial bankers or enterprizes
without fair assessment of their contribution to the Natinal Economy.
IMF requests/evaluates Finance Sector Reform as a Government.
IMF admit repaiment coming back not from borrowers but from the
This means, repayment finally burden on volks and citizens
++ Who is actually rescued ??
It seems, Lenders themselves are rescued from bankruptcy by arranging
[ New Finance ] authorized by IMF and the Government. Otherwize there
might have occured big shortage of reimbursement to individual International
Majority of these rescue finances ask commertial rate interest, which means
revenue of those IFI do not influenced by [ New Finance ]
++ Big Risk for Tax Payer of Developed Countries especially Japanese !!
J-EXIM/OECF give Finances to Developing Countries funding from [ Official
Money ] namely Pension-Deposit, PTT-Deposit and National Bond.
Debt-Service ratio of these developing countries are increasing and may go
to default like some countries in Africa.
Then the burden of these Finance comes on us, Japanese citizens, Tax Payer.
These Finances are determined without People's Consensus.
Japanese Official Lending OutstandingOutstanding Portion of Japan World Total Outstdg
When calcurating Japanese Portion of World Bank & ADB, only Japanese
Capital ammount is concidered since they have various funding resources
not relating to Japanese Tax Payer.
Insurance means governmental export/import and overseas investment
imsurance arranged by MITI for Japanese private Banks and Companies.
( There might be double account between J-EXIM and Insurance )