2024.10.11
On October 11, the Japan International Cooperation Agency (JICA) signed a loan agreement with the Government of the Republic of Fiji in Suva, the capital city, to provide Japanese ODA loan for the Stand-by Loan for Disaster Recovery and Rehabilitation Phase 2.
Outlines on the project are provided as below.
Signing ceremony
Terms and Amount of Loan
- Project Title
Stand-by Loan for Disaster Recovery and Rehabilitation Phase 2
- Country (Target Areas)
The Republic of Fiji
(The whole of Fiji)
- Project Objective
The objective of the Project is to promote the implementation of policy actions for pre-disaster investment and disaster risk reduction (DRR) mainstreaming in Fiji, which is highly vulnerable to disasters, and to ensure prompt recovery from a disaster by providing support for financial needs that are expected to temporarily increase in the recovery process, thereby contributing to the sustainable growth of the country.
- Project Component
JICA will verify the implementation by the government of Fiji of the policy actions for pre-disaster investment and DRR mainstreaming semi-annually. The loan will be promptly disbursed if a natural disaster is declared and the borrower requests the loan.
- Maximum Loan Amount
5,000 million Japanese Yen
- Annual Interest Rate
0.40%
- Repayment Period
40 Years
- Grace Period
10 Years
- Procurement
General untied
- Executing Agency
Ministry of Finance, Strategic Planning, National Development and Statistics）
- Contribution to SDGs
3 ( Good health and well-being)
11 ( Sustainable cities and communities )
13 ( Climate action)
- Planned Implementation Schedule
1. Completion of project: with the disbursement of the total amount of aid or the end of the standby period.
2. International competitive bidding will not take place for consultancy or construction services for this project.
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