Press Releases

signing ceremony

On October 15, the Japan International Cooperation Agency (JICA) signed a loan agreement with the Government of the Republic of Honduras in Tegucigalpa to provide a Japanese ODA loan of up to 11,011 million yen for the COVID-19 Crisis Response Emergency Support Loan.

This program supports the Honduran government’s efforts in industrial promotion through logistics sector reform and revitalization of the domestic economy. It aims to attract foreign investment for the stabilization of the economy and society affected by the COVID-19 pandemic. It will contribute to the achievement of SDGs Goals 8 and 9.

This is the first Japanese COVID-19 Crisis Response Emergency Support Loan in Latin America and the Caribbean Region. It is also the first co-financing in the transportation sector under the co-financing framework CORE (Cooperation for Economic Recovery and Social Inclusion) with the Inter-American Development Bank (IDB) renewed in March 2021. This program is also expected to promote cooperation with the IDB, and multiply the effects of cooperation with Japan.

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
COVID-19 Crisis Response Emergency Support Loan	11,011	0.01	-	15	4	General untied

2. Executing Agency
Ministry of Finance (Secretaría de Estado en el Despacho de Finanzas)
Address: Barrio El Jazmín, Ave. Cervantes, Tegucigalpa M.D.C, Honduras, C.A.
Phone: +504-2220-5662、FAX:+504-2237-4142

3. Planned Implementation Schedule
(1)Completion of project: December 2021 – when the disbursement is completed.
(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.

• Signing of Memorandum of Collaboration with Inter-American Development Bank (IDB) Group: Promoting economic recovery and social inclusion in LAC region
• Ex-Ante Evaluation