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【SDGs logo】DECENT WORK AND ECONOMIC GROWTH

【SDGs logo】INDUSTRY, INNOVATION AND INFRASTRUCTURE

September 1, 2020

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

photosigner (Director General Daw Si Si Pyone, Ministry of Planning, Finance and Industry, Myanmar)

On Sept. 1, the Japan International Cooperation Agency (JICA) signed a loan agreement with the Government of the Republic of the Union of Myanmar in Nay Pyi Taw to provide a Japanese ODA loan of up to 30 billion yen for the COVID-19 Crisis Response Emergency Support Loan(Investment Promotion and Financial Sector Development Program Loan).

The objective of the program loan is to support recovery from economic downturn caused by COVID-19 through budget support for the implementation of the COVID-19 Economic Relief Plan and related policies for promoting investment, trade, and the financial sector. This program loan will contribute to the achievement of SDGs Goals 8 and 9.

Details for the program loan are provided below.


1. Terms and Amount of Loan

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(Investment Promotion and Financial Sector Development Program Loan) 30,000 0.01 - 40 10 General untied

photosigner (Cheif Representative Sakakura, JICA Myanmar Office)

2. Executing Agency
Ministry of Planning, Finance and Industry
Address: Building No. 34, Nay Pyi Taw, MYANMAR

3. Planned Implementation Schedule
(1)Completion of program loan: October 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 loan.
(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 loan.

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