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

2022.04.26

On April 25, the Japan International Cooperation Agency (JICA) signed a loan agreement with the Government of the Republic of the Philippines in Tokyo, Japan to provide a Japanese ODA loan of up to 30,000 million yen for the COVID-19 Crisis Response Emergency Support Loan (Phase 2).

The objective of the program loan is to support the government’s emergency response against Covid-19 crisis to promote infection prevention measures, through providing budget support co-financed by the Asian Development Bank (ADB) This project will also contribute to the achievement of SDGs Goals 1 (no poverty), 3 (good health and well-being), and 8 (decent work and economic growth).

photo

signing ceremony

Details for the project are provided below.

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 (Phase2) 30,000 0.01 N/A 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:
    September 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.
  • 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.

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