Signing of Japanese ODA Loan Agreement with Bhutan: Budgetary support with COVID-19 crisis response in Bhutan

[Goal 3] Good Health and Well-Being
SDGs
[Goal 5] Gender Equality
SDGs
[Goal 13] Climate Action
SDGs

2022.05.25

On May 23, the Japan International Cooperation Agency (JICA) signed a loan agreement with the Royal Government of Bhutan in Thimphu to provide a Japanese ODA loan of up to 3,300 million yen for The COVID-19 Crisis Response Emergency Support Loan.

The objective of the program is to mitigate adverse impacts due to COVID-19 in Bhutan, by extending budgetary support to the government of Bhutan. This can be used to enhance programs that address the economic and social impact of COVID-19 and strengthen policy to ensure economic resilience and environmental sustainability, thus promoting socioeconomic stability and development efforts in Bhutan. This program will contribute to the achievement of SDGs Goal 2 (Zero hunger), 3 (Good health and well-being), 5 (Gender equality), 8 (Decent work and economic growth), and 13 (Climate action).

Details for the project are provided below.

photo

signing ceremony

1. Terms and Amount of Loan
Project title Amount
(million yen)
Annual interest rate (%) Repayment
period
(years)
Grace
period
(years)
Procurement
Project Consulting services
The COVID-19 Crisis Response Emergency Support Loan 3,300 0.01 - 15 4 General untied

2. Executing Agency
Ministry of Finance, Department of Macroeconomic Affairs
Address: Tashichhodzong, the Royal Government of Bhutan, Thimphu, Bhutan, Po Box: 1905
TEL:+975-2-330735

3. Planned Implementation Schedule
(1)Completion of project: June 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 loan.

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