The Japan International Cooperation Agency (JICA) signed a Yen Loan Agreement (L/A) with the Republic of Uzbekistan on August 11 in Tashkent, the capital of the country, for the “Comprehensive and Resilient Socio-Economic Development Program Loan”. An outline of the project is as follows. Ceremony
Project Summary
Project Name
Inclusive and Resilient Socioeconomic Development Program Loan
(Inclusive and Resilient Socio-Economic Development Programme Loan)
Country
Republic of Uzbekistan
Business Objectives
This project will provide financial assistance to the government of Uzbekistan to accelerate its reforms toward a market economy and promote measures to improve social inclusion and reduce environmental burdens, thereby contributing to the realization of sustainable economic growth and an inclusive and resilient society in the country. The project will contribute to the country’s sustainable economic growth and the realization of an inclusive and resilient society.
Business
Through financial support, we will promote the following areas of effort by our government
(a) Market formation
(b) Improvement of fiscal risk management and public procurement
c) Strengthening social inclusiveness and green resilience
(d) Investment in people
(e) Connectivity
Loan amount (maximum)
39 billion yen
Interest Rates
2.20% (2.20%)
Redemption period
30 years (including 10 years of deferment)
Procurement Conditions
–
Implementing Agency
Ministry of Economy and Finance
Contribution to the achievement of the SDGs
Goal 1 (Eliminate poverty)
Goal 5 (Achieve gender equality)
Goal 8 (both job satisfaction and economic growth)
Schedule for future project implementation (tentative)
- estimated completion date of the project: September 2024 (project completion upon completion of the loan)
-
expected date of sending invitation letter for consulting services (e.g., detailed design): No consultant is expected to be hired for this project.
-
public announcement of the first package of international competitive bids for the main body of work
No construction work with bidding is planned for this project
The project is co-financed with the World Bank (expected loan amount: US$800 million) and will be implemented in close collaboration.
© Source JICA
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