August 3, 2020
signer (Director General Luky, Ministry of FInance, Indonesia)
On August 3, the Japan International Cooperation Agency (JICA) signed a loan agreement with the Government of the Republic of Indonesia in Jakarta to provide a Japanese ODA loan of up to 50 billion yen for COVID-19 Active Response and Expenditure Support Program Loan.
The objective of the program is to maintain economic activities, protect the poor and most vulnerable, and strengthen health and medical service capacity, in response to COVID-19 pandemic in Indonesia. This will be done through providing budget support co-financed by the Asian Development Bank (ADB). This program will contribute to the achievement of SDGs Goals, including 1, 3 and 8.
Details for the program are provided below.
1. Terms and Amount of Loan
|Annual interest rate (%)||Repayment
|COVID-19 Active Response and Expenditure Support Program Loan||50,000||0.01||-||15||4||General untied|
signer (Cheif Representative Yamanaka, JICA Indonesia Office)
2. Executing Agency
Ministry of Finance
Address: J Dr. Wahidin Raya Street No.1 Jakarta 10710 Indonesia
3. Planned Implementation Schedule
(1) Completion of program: September 2020 – when the loan is executed
(2) Issuing of letters of invitation for consulting services: No hiring of consultants is planned for this program.
(3) Tender announcement of initial procurement package for international competitive bidding on program construction: No work in conjunction with bidding is planned for this program.