Post sponsored by NewzEngine.com

Source: Japan International Cooperation Agency

signing

On Nov. 10, the Japan International Cooperation Agency (JICA) signed a loan agreement with the Royal Government of Cambodia in Phnom Penh to provide a Japanese ODA loan of up to 25 billion yen for the COVID-19 Crisis Response Emergency Support Loan.

The objective of the program loan is to subsidize the country’s recovery from the social and economic downturn caused by COVID-19 through budget support for the implementation of the COVID-19 Master Plan and related policies. This program loan will contribute to the achievement of SDGs Goals 1, 3 and 8.

Details for the program loan 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
the COVID-19 Crisis Response Emergency Support Loan 25,000 0.01 15 4 General untied

2. Executing Agency
Ministry of Economy and Finance
Address: Street 92, Sangkat Wat Phnom, Khan Daun Penh, Phnom Penh, Cambodia

3. Planned Implementation Schedule
(1) Completion of program loan: December 2020 – 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.

MIL OSI Global Banks