November 5, 2020
On Nov. 5, the Japan International Cooperation Agency (JICA) signed a loan agreement with the Government of Mongolia in Ulaanbaatar to provide a Japanese ODA loan of up to 25 billion yen for the COVID-19 Crisis Response Emergency Support Loan.
The objective of the program is to contain COVID-19 and mitigate its adverse socioeconomic impacts in Mongolia, implementing emergency response measures for the health, economic and social sector, by extending budget support to the Government of Mongolia and thereby contributing to promoting the economic stabilization and development efforts of Mongolia. This program will contribute to the achievement of SDGs Goals 1, 3 and 8 among others.
Details for the project are provided below.
1. Terms and Amount of Loan
|Annual interest rate (%)||Repayment
|COVID-19 Crisis Response Emergency Support Loan||25,000||0.01||-||15||4||General untied|
2. Executing Agency
Ministry of Finance
Address: Government Building2, S. Danzan Street 5/1, Ulaanbaatar 15160, Mongolia
3. Planned Implementation Schedule
(1)Completion of program loan: December 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.