February 22, 2022
On February 22, the Japan International Cooperation Agency (JICA) signed a loan agreement with the Government of the Republic of Fiji in Suva to provide a Japanese ODA loan of up to 10,000 million yen for the COVID-19 Crisis Response Emergency Support Loan (Phase 2).
The objective of the program loan is to contribute to social and economic stability in Fiji that COVID-19 has negatively affected, by providing financial support to implement economic, fiscal and health countermeasures in order to improve public financial management, policy-making function and business / investment climate of the Republic of Fiji and to strengthen health system, by co-financing with the Asian Development Bank (ADB)and so on. This program loan will contribute to the achievement of SDGs Goals 1 (no poverty), 3 (good health and well-being) and 8 (decent work and economic growth).
Details for the program loan are provided below.
|Annual interest rate (%)||Repayment
|The COVID-19 Crisis Response Emergency Support Loan (Phase 2)||10,000||0.01||15||4||General untied|
2. Executing Agency
Ministry of Economy
Address: Level 10, Ro Lalabalavu House, Victoria Parade, Suva, Fiji
3. Planned Implementation Schedule
(1) Completion of program loan: March 2022 – 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.