JBIC and Funding Agencies
The Japan Bank for International Cooperation (JBIC) was established in October 1999 as a merger of the Export-Import Bank of Japan (Jexim) and the Overseas Economic Cooperation Fund, Japan (OECF). JBIC is the driving force behind Japan's external economic policy and economic cooperation, and has sound Development for Japan and the World as the governing policy.
The Operations of JBIC is split into two main activities. One main activity is the International Financial Operations which support Japanese Cooperation activities overseas and ensure the stability of international financial order.
The other main activity is related to Overseas Economic Cooperation Operations (OECO). The role of OECO is to be the driving force behind Official Development Assistance (ODA). The Marmaray Project belongs to the group of projects funded by ODA loans. Such loans are an important pillar of Japans Official Development Assistance. Private Sector Investment Finance supports the activities of private companies in developing countries. Overseas Economic Cooperation Operations help supporting the sustainable development of economies and societies of developing countries through ODA loans and Private-Sector Investment Finance.
Link to JBIC's homepage: http://www.jbic.go.jp
EIB European Investment Bank
The task of the European Investment Bank, the European Union's financing institution, is to contribute towards the integration, balanced development and economic and social cohesion of the Member Countries.
To this end, it raises on the markets substantial volumes of funds which it directs on the most favourable terms towards financing capital projects according with the objectives of the Union.
Outside the Union the EIB implements the financial components of agreements concluded under European development aid and cooperation policies.
Link to EIB's homepage http://www.eib.org/