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Source: Japan International Cooperation Agency

signing ceremony

On July 1, the Japan International Cooperation Agency (JICA) signed a loan agreement with the Government of the Republic of the Philippines in Manila, Philippines to provide a Japanese ODA loan of up to 50 billion yen for COVID-19 Crisis Response Emergency Support Loan.

The objective of the project is to curtail the spread of COVID-19 in the Philippines which is suffering from the pandemic and to support the government’s emergency response to bring social protection and relief to affected people and economic stimulus by providing budget support co-financed by the Asian Development Bank (ADB). This project will contribute to the achievement of SDGs Goals 1, 3, and 8.

Details for the project are provided below.

1. Terms and Amount of Loan

Project title Amount
(million yen)
Annual interest rate (%) Repayment
period
(years)
Grace
period
(years)
Procurement
Project Consulting services
COVID-19 Crisis Response Emergency Support Loan 50,000 0.01 15 4 General untied

2. Executing Agency
Department of Finance
Address: DOF Building, BSP Complex, Roxas Boulevard, Manila 1004, Philippines
TEL:+(632) 8523-9216 / 8525-4194

3. Planned Implementation Schedule
(1) Completion of project:
July 2021 – when the loan is executed
(2) Issuing of letters of invitation for consulting services (including detailed design work):
No hiring of consultants is planned for this program.
(3) Tender announcement of initial procurement package for international competitive bidding on project construction:
No work in conjunction with bidding is planned for this program.

MIL OSI Asia Pacific News