Middle East Economic Survey
JBIC Hikes Funding To MENA Region
The Japanese Bank for International Cooperation (JBIC) increased its loan and investment commitments to MENA in 2010 to 268.2bn ($3.5bn) from 102.6bn ($1.3bn) in 2009. The largest amounts in 2010 (the fiscal year ends 31 March 2011) were provided to UAE, Egypt, and then Saudi Arabia (see table). In addition to general loan and investment commitments, in 2010 the Japanese export credit agency...