March 4, 2021
On March 4, the Japan International Cooperation Agency (JICA) signed a loan agreement with the Government of the Independent State of Papua New Guinea in Port Moresby to provide a Japanese ODA loan of up to 30 billion yen for the COVID-19 Crisis Response Emergency Support Loan.
The objective of the program loan is to enhance public financial management, improve subnational health system management, and support the government’s COVID-19 emergency response through providing budget support by co-financing with the Asian Development Bank (ADB). This will contribute to promoting socio-economic stability and national development, which has been affected by the worldwide spread of COVID-19. This program loan will contribute to the achievement of SDGs Goals 3, 5, and 8.
Details for the program loan are provided below.
1. Terms and Amount of Loan
|Annual interest rate (%)||Repayment
|the COVID-19 Crisis Response Emergency Support Loan||30,000||0.01||-||15||4||General untied|
2. Executing Agency
Department of Treasury
Address: Treasury Building, Lamana Road, P.O.Box542, Waigani 131, N.C.D., Papua New Guinea
3. Planned Implementation Schedule
(1) Completion of program loan: March 2021 – 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.