September 15, 2020
On Sept. 15, the Japan International Cooperation Agency (JICA) signed a loan agreement with the Government of the Republic of the Philippines in Manila, Philippines to provide a Japanese ODA loan of up to 50 billion yen for Post Disaster Stand-by Loan (Phase 2).
This loan aims to ensure contingent funds to respond to the immediate financial demands of a post-disaster recovery phase, together with supporting policies related to disaster risk reduction and management as well as strengthening preparedness for public health emergencies. This program will contribute to the achievement of SDGs Goals 3, 11, and 13.
This program is the first stand-by loan by JICA that can be used in the occurrence of public health emergencies.
Details for the project are provided below.
1. Terms and Amount of Loan
|Annual interest rate (%)||Repayment
|Post Disaster Stand-by Loan (Phase 2)||50,000||0.01||-||40||10||General untied|
2. Executing Agency
Department of Finance
Address: DOF Building, BSP Complex, Roxas Boulevard, Manila 1004, Philippines
TEL:+(632) 8523-9216 / 8525-4194
3. Planned Implementation Schedule
(1) Completion of project: with the disbursement of the total amount of aid or the end of the stand-by period
(2) International competitive bidding will not take place for consultancy and construction services in this project.