Signing of Japanese ODA Loan Agreement with the Philippines: Contributing to COVID-19 crisis response in the Philippines through providing budget support
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).
Details for the project are provided below.
|Annual interest rate (%)||Repayment
|COVID-19 Crisis Response Emergency Support Loan (Phase2)||30,000||0.01||N/A||15||4||General untied|
Department of Finance
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