February 25, 2021
On February 24 , the Japan International Cooperation Agency (JICA) signed a loan agreement with the Government of the Republic of Mauritius in Port Louis and Tokyo to provide a Japanese ODA loan of up to 30 billion yen for the COVID-19 Crisis Response Emergency Support Loan.
The objective of this program is to strengthen the health care system and social security, and provide financial support for economic activities in Mauritius, in order to mitigate the impact of the COVID-19 pandemic through providing budget support, thereby contributing to the economic stabilization and development efforts of the country. This program will contribute to the achievement of SDGs Goals 1, 3 and 8.
The program will be co-financed by the African Development Bank (AfDB), and will contribute to the joint initiative by AfDB and the Government of Japan, called “Enhanced Private Sector Assistance for Africa (EPSA).”
The details of the program are presented as follows:
1. Terms and Amount of Loan
|Annual interest rate (%)||Repayment
|COVID-19 Crisis Response Emergency Support Loan||30,000||0.01||-||15||4||General untied|
2. Executing Agency
Ministry of Finance, Economic Planning and Development
Address: Ground Floor, Government Centre, Port Louis, Republic of Mauritius
3. Planned Implementation Schedule
(1) Completion of project: March 2021, upon the disbursement of the loan.
(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.