Signing of Japanese ODA Loan Agreement with the Philippines: Contributing to COVID-19 crisis response in the Philippines through providing budget support
2022.04.26
On April 25, the Japan International Cooperation Agency (JICA) signed a loan agreement with the Government of the Republic of the Philippines in Tokyo, Japan to provide a Japanese ODA loan of up to 30,000 million yen for the COVID-19 Crisis Response Emergency Support Loan (Phase 2).
The objective of the program loan is to support the government’s emergency response against Covid-19 crisis to promote infection prevention measures, through providing budget support co-financed by the Asian Development Bank (ADB) This project will also contribute to the achievement of SDGs Goals 1 (no poverty), 3 (good health and well-being), and 8 (decent work and economic growth).
signing ceremony
Details for the project are provided below.
| 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 (Phase2) | 30,000 | 0.01 | N/A | 15 | 4 | General untied |
2. Executing Agency
Department of Finance
Address: DOF Building, BSP Complex, Roxas Boulevard, Manila 1004, Philippines
TEL:+(632) 8523-9216 / 8525-4194
3. Planned Implementation Schedule
-
1
.
Completion of project:
September 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. -
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.
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