August 5, 2020
On August 5, the Japan International Cooperation Agency (JICA) signed a loan agreement with the Government of the Republic of the Bangladesh in Dhaka, to provide a Japanese ODA loan of up to 35 billion yen for COVID-19 Crisis Response Emergency Support Loan.
The objective of the program is to mitigate the negative social and economic impact of the COVID-19 (Coronavirus disease 2019) pandemic through concessional financing to the Government of the People’s Republic of Bangladesh which implements the economic stimulus policies and expansion of the social welfare for the vulnerable population, thereby contributing to promote the country’s social and economic stabilization and development efforts. This program will contribute to the achievement of SDGs Goals 1, 3, and 8 among others.
Details for the program are provided below.
1. Terms and Amount of Loan
|Annual interest rate (%)||Repayment
|COVID-19 Crisis Response Emergency Support Loan||35,000||0.01||-||15||4||General untied|
2. Executing Agency
Finance Division, Ministry of Finance
Address: Building # 7, Bangladesh Secretariat, Abdul Goni Road, Dhaka-1000, Bangladesh
TEL: + 880-2-9512201, FAX: + 880-2-9576003
3. Planned Implementation Schedule
(1) Completion of the program:
August 2020 – 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.