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  • Signing of Japanese ODA Loan Agreement with the Philippines: Contributing to immediate recovery from disasters, together with strengthening preparedness for natural and health-related emergencies

Press Releases

【SDGs logo】GOOD HEALTH AND WELL-BEING

【SDGs logo】SUSTAINABLE CITIES AND COMMUNITIES

【SDGs logo】CLIMATE ACTION

September 15, 2020

Signing of Japanese ODA Loan Agreement with the Philippines: Contributing to immediate recovery from disasters, together with strengthening preparedness for natural and health-related emergencies

photosigning ceremony

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

Project title Amount
(million yen)
Annual interest rate (%) Repayment
period
(years)
Grace
period
(years)
Procurement
Project Consulting services
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.

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