REVIC is a public-private fund (government-affiliated financial institution and support organization) established under the Regional Economic Revitalization Corporation Act, with the aim of comprehensively contributing to the revitalization of regional economies and providing business revitalization support to core regional companies. REVIC was established in 2013 as a reorganization of its predecessor, Enterprise Turnaround Initiative Corporation of Japan (ETIC), and in addition to the investment, financing, and rehabilitation support services for supported companies provided by ETIC, it also manages regional revitalization funds (Tourism Revitalization Fund, Regional Healthcare Industry Support Fund, Reconstruction Support Fund), provides growth support and human resources support, support for re-challenges, and GP/LP investment operations in funds as a way to attract private capital to promote the supply of risk money were added. The fund has been working with regional financial institutions to support the revitalization and creation of regional economies, and aims to further transfer its know-how from REVIC to establish an autonomous regional revitalization mechanism led by regional financial institutions. In 2018, REVIC signed a comprehensive collaboration agreement with the Agency for Cultural Affairs to collaborate and cooperate in the establishment of a model for regional economic revitalization utilizing cultural assets in order to ensure the sustainable maintenance and development of Japan's cultural assets and the regions that nurtured them. The front office will mainly consist of people from private financial institutions, consulting firms, and professional firms such as accountants and lawyers, while the middle and back offices will be operated by a mixed public-private professional organization. Supervisory authorities are the Cabinet Office, the Financial Services Agency, the Ministry of Internal Affairs and Communications, the Ministry of Finance, and the Ministry of Economy, Trade and Industry.
The Enterprise Turnaround Initiative Corporation of Japan (Japanese: 企業再生支援機構), or ETIC-J, is a Japanese incorporated company, 50 percent (10,000,000,000 yen) owned by the Japanese government and the rest by about 130 private enterprises, which was established in 2009 under the "Enterprise Turnaround Initiative Corporation Law", to support the turnaround of the small and medium-sized corporations that have found themselves in difficulties, in spite of some useful management capabilities. It continues the role of the Industrial Revitalization Corporation of Japan (Japanese: 産業再生機構), or IRC-J, that had existed from 2003 to 2007, under the same law.
A state-owned enterprise (SOE) is a business entity created or owned by a national or local government, either through an executive order or legislation. SOEs aim to generate profit for the government, prevent private sector monopolies, provide goods at lower prices, implement government policies, or serve remote areas where private businesses are scarce. The government typically holds full or majority ownership and oversees operations. SOEs have a distinct legal structure, with financial and developmental goals, like making services more accessible while earning profit. They can be considered as government-affiliated entities designed to meet commercial and state capitalist objectives.
China Development Bank (CDB) is a policy bank of China under the State Council. Established in 1994, it has been described as the engine that powers the national government's economic development policies. It has raised funds for numerous large-scale infrastructure projects, including the Three Gorges Dam and the Shanghai Pudong International Airport.
Japan External Trade Organization is an Independent Administrative Institution established by Japan Export Trade Research Organization as a nonprofit corporation in Osaka in February 1952, reorganized under the Ministry of International Trade and Industry (MITI) in 1958, and became an Independent Administrative Institution in 2003 to consolidate Japan's efforts in export promotion. The government has provided more than half of JETRO's annual operating budget. As of January 2020, JETRO maintained seventy-four offices in fifty-four countries, as well as forty-eight regional offices in Japan, with a total staff of 1,730. Its main office is located in the Ark Mori Building in Akasaka, Tokyo. Initially, JETRO's activities focused mainly on promoting exports to other countries. As exporters established themselves in world markets and the balance of trade turned from deficit to surplus, however, JETRO's role shifted to encompass more varied activities. These have included the furtherance of mutual understanding with trading partners, strategic investment attraction, import promotion, liaison between small businesses in Japan and their overseas counterparts, and data dissemination. Import promotion services have included publications, promotion of trade fairs, seminars, and trade missions.
The Cabinet Office (CAO) is an agency of the Cabinet of Japan. It is responsible for handling the day-to-day affairs of the Cabinet.
The social economy is formed by a rich diversity of enterprises and organisations, such as cooperatives, mutuals, associations, foundations, social enterprises and paritarian institutions, sharing common values and features:
Government-business relations are conducted in many ways and through numerous channels in Japan. The most important conduits in the postwar period are the economic ministries: the Ministry of Finance and the Ministry of Economy, Trade and Industry. The Ministry of Finance has operational responsibilities for all fiscal affairs, including the preparation of the national budget. It initiates fiscal policies and, through its indirect control over the Bank of Japan, the central bank, is responsible for monetary policy as well. The Ministry of Finance allocates public investment, formulates tax policies, collected taxes, and regulates foreign exchange.
The Community Development Financial Institutions Fund promotes economic revitalization in distressed communities throughout the United States by providing financial assistance and information to community development financial institutions (CDFI). A government corporation owned by the United States Department of the Treasury, it was established through the Riegle Community Development and Regulatory Improvement Act of 1994. Financial institutions, which may include banks, credit unions, loan funds, and community development venture capital funds, can apply to the CDFI Fund for formal certification as a CDFI. As of September 1, 2005, there were 747 certified CDFIs in the U.S. The CDFI Fund offers a variety of financial programs to provide capital to CDFIs, such as the Financial Assistance Program, Technical Assistance Program, Bank Enterprise Award Program, and the New Markets Tax Credit Program.
The Ministries of Japan or Government Agencies of Japan are the most influential part of the executive branch of the Government of Japan. Each ministry is headed by a Minister of State appointed by the Prime Minister. In postwar politics, the posts of ministers have been given to senior legislators, mostly of the LDP. However, few ministers serve for more than one or two years to develop the necessary grasp of the organisation to become really influential. Thus, most of the power lies within the ministries, with the senior bureaucrats.
Mahmoud Mohieldin, is an economist with more than 30 years of experience in international finance and development. He is the UN Climate Change High-Level Champion for Egypt. He is an Executive Director at the International Monetary Fund. He has been the United Nations Special Envoy on Financing the 2030 Sustainable Development Agenda since February 2020. He was the Minister of Investment of Egypt from 2004-2010, and most recently, served as the World Bank Group Senior Vice President for the 2030 Development Agenda, United Nations Relations and Partnerships. His roles at the World Bank also included Managing Director, responsible for Human Development, Sustainable Development, Poverty Reduction and Economic Management, Finance and Private Sector Development, and the World Bank Institute; World Bank President's Special Envoy on the Millennium Development Goals (MDGs), the Post-2015 Development Agenda, and Financing for Development; and Corporate Secretary and Executive Secretary to the Development Committee of the World Bank Group's Board of Governors. Dr Mohieldin also served on several Boards of Directors in the Central Bank of Egypt and the corporate sector. He was a member of the Commission on Growth and Development and was selected for the Young Global Leader of the World Economic Forum in 2005. His professional experience extends into the academic arena as a Professor of Economics and Finance at the Faculty of Economics and Political Science, Cairo University and as a visiting professor at several renowned Universities in Egypt, Korea, the UAE, the UK and the USA. He is a member of the International Advisory Board of Durham University Business School. He also holds leading positions in national, regional and international research centres and associations. He has authored numerous publications and articles in leading journals in the fields of economics, finance and development.
Korea Development Bank is a South Korean state-owned development bank which aims to encourage the industrial development of South Korea.
The Japan Bank for International Cooperation, JBIC, is a Japanese public financial institution and export credit agency that was created on October 1, 1999, through the merger of the Japan Export-Import Bank (JEXIM) and the Overseas Economic Cooperation Fund (OECF).
The Ministry of Economy, Trade and Industry, METI for short, is a ministry of the Government of Japan. It was created by the 2001 Central Government Reform when the Ministry of International Trade and Industry (MITI) merged with agencies from other ministries related to economic activities, such as the Economic Planning Agency.
China's banking sector had CN¥417 trillion in assets at the end of 2023. The "Big Four" state-owned commercial banks are the Bank of China, the China Construction Bank, the Industrial and Commercial Bank of China, and the Agricultural Bank of China, all of which are among the largest banks in the world as of 2018. Other notable big and also the largest banks in the world are China Merchants Bank and Ping An Bank.
Aga Khan Fund for Economic Development SA is a Swiss for-profit entity and international development finance institution which invests in countries of East Africa, West Africa, Central Asia, and South Asia. It is based in Geneva, Switzerland.
Privatization in Russia describes the series of post-Soviet reforms that resulted in large-scale privatization of Russia's state-owned assets, particularly in the industrial, energy, and financial sectors. Most privatization took place in the early and mid-1990s under Boris Yeltsin, who assumed the presidency following the dissolution of the Soviet Union.
Turnaround Alternative Dispute Resolution (ADR), also known as Business Revitalization ADR, is a process increasingly used by companies in Japan to adjust their debt. This out-of-court procedure was established in Japan in 2007 and is based on Japanese Law, specifically the Special Measures Law for Industrial Revitalization and Rebirth of Japan. It allows companies to forgo bankruptcy proceedings and replaces previous voluntary debt adjustments under such as the "Guideline for Voluntary Debt Adjustment".
The Southwest Virginia Cultural Center and Marketplace (formerly Heartwood) is a visitor center, music venue, artisan marketplace, and community space located in Southwest Virginia in Abingdon, Virginia and is the gateway to regional craft, music, food outdoors, and local culture.
Cool Japan refers to the aspects of Japanese culture that non-Japanese people perceive as "cool". After the success of "Cool Britannia," the Japanese government started using the phrase. The Cool Japan strategy is part of Japan's overall brand strategy, aiming to disseminate Japan's attractiveness and allure to the world. The target of Cool Japan "encompasses everything from games, manga, anime, and other forms of content, fashion, commercial products, Japanese cuisine, and traditional culture to robots, eco-friendly technologies, and other high-tech industrial products".
The Innovation Network Corporation of Japan (INCJ), headquartered in Tokyo, is a public-private partnership between the Japanese government and 19 major corporations.
The Nigerian Capital Development Fund (NCDF) is an organization dedicated to impact investing and promoting economic development in Nigeria. Established with the aim of fostering a resilient entrepreneurial ecosystem, NCDF provides essential support, capital, and resources to entrepreneurs, start-ups, and early-stage businesses. The organization's efforts are focused on facilitating job creation, product development, market expansion, and overall economic growth within the country.
This page is based on this Wikipedia article Text is available under the CC BY-SA 4.0 license; additional terms may apply. Images, videos and audio are available under their respective licenses.
