The Japan International Cooperation Agency (JICA) signed a Loan Agreement (L/A) with the Government of Fiji on October 11 in Suva, the capital of Fiji, for the “Disaster Recovery Stand-By Loan Project (Phase 2)”. The outline of the project is as follows
Signing Ceremony
Project Summary
Project Name
Disaster recovery stand-by loans (Phase 2)
Stand-by Loan for Disaster Recovery and Rehabilitation Phase 2
Country (region covered)
Republic of Fiji (All of Fiji)
Business Objectives
This project will promote the implementation of policy actions related to investment in disaster reduction and mainstreaming of disaster reduction in advance in Fiji, where disaster risk is high, and will prepare for temporarily increased financial needs during post-disaster recovery, thereby contributing to rapid recovery and sustainable growth of Fiji after a disaster occurs.
Business
JICA will confirm semi-annually that the Government of Fiji will implement the policy actions related to investment in advance disaster reduction and mainstreaming disaster reduction, and will promptly execute the loan when a natural disaster declaration is issued in the country and the borrower requests for the loan execution.
Loan amount (maximum)
5 billion yen
Interest Rates
0.40% (0.40%)
Redemption period
40 years (including 10 years of deferment)
Procurement Conditions
General untied
Implementing Agency
Ministry of Finance
Contribution to the achievement of the SDGs
Goal 3 (health and well-being for all)
Goal 11 (Create a community where people can continue to live)
Goal 13 (Take concrete action on climate change)
Schedule for future project implementation (tentative)
(1) Estimated time of completion of the project: Loan of the full amount of the maximum amount to be provided or the end of the stand-by period
(2) There will be no international competitive bidding for consulting employment or main construction work in this project.
© Source JICA
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