Signing of Japanese ODA Loan Agreement with Fiji: Contributing to the COVID-19 crisis response in Fiji through provision of budget support

[Goal 1]No Poverty
SDGs
[Goal 3] Good Health and Well-Being
SDGs
[Goal 8] Decent Work and Economic Growth
SDGs

2022.02.22

On February 22, the Japan International Cooperation Agency (JICA) signed a loan agreement with the Government of the Republic of Fiji in Suva to provide a Japanese ODA loan of up to 10,000 million yen for the COVID-19 Crisis Response Emergency Support Loan (Phase 2).

The objective of the program loan is to contribute to social and economic stability in Fiji that COVID-19 has negatively affected, by providing financial support to implement economic, fiscal and health countermeasures in order to improve public financial management, policy-making function and business / investment climate of the Republic of Fiji and to strengthen health system, by co-financing with the Asian Development Bank (ADB)and so on. This program loan will contribute to the achievement of SDGs Goals 1 (no poverty), 3 (good health and well-being) and 8 (decent work and economic growth).

Details for the program loan are provided below.

photo

signing ceremony

Project title Amount
(million yen)
Annual interest rate (%) Repayment
period
(years)
Grace
period
(years)
Procurement
Project Consulting services
The COVID-19 Crisis Response Emergency Support Loan (Phase 2) 10,000 0.01 15 4 General untied

2. Executing Agency
Ministry of Economy
Address: Level 10, Ro Lalabalavu House, Victoria Parade, Suva, Fiji

3. Planned Implementation Schedule
(1) Completion of program loan: March 2022 – 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 loan.
(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 loan.

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