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International Financial Operations (IFOs)
JBIC's International Financial Operations contribute
to the promotion of Japanese exports and imports, as well as Japanese
economic activities overseas, and to the stability of the international
financial order. An important source of finance is funds from the
Fiscal Investment and Loan Program (FILP), which manages postal
savings deposits, employee pension funds and national pension funds.
Other sources include bond issues in international capital markets
and internal funds including retained interest income from past
loans. International Financial Operations are bound by an obligation
to maintain "financial soundness" in order to ensure effective and
efficient undertakings. Specifically, the Japan Bank for International
Cooperation Law requires that repayment for the loans and guarantees
should be ascertained ("certainty of repayment") and that expenditures
should not exceed revenues ("sufficient revenues to cover expenditures").
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