On 3 August, the Japan International Cooperation Agency (JICA) in Jakarta signed a loan agreement with the Government of the Republic of Indonesia for a 50 billion yen Japanese loan through COVID-19`s Active Response and Expenditure Support Program. In response to the COVID 19 pandemic in Indonesia, the objective of the programme is to maintain economic activities, protect the poorest and most vulnerable, and build health and medical capacity. This will involve the provision of budgetary support co-financed by the Asian Development Bank (ADB). This program will contribute to the achievement of the SDG goals, including 1, 3 and 8. Details of the program are available below. 1. Terms and amount of loan 2. Enforcement Agency Ministry of Finance Address: J. Dr. Wahidin Raya Street No.1 Jakarta 10710 Indonesia Phone: `62-21-310-1984 FAX:-62-21-392-6249 3. Planned Implementation Plan (1) Completion of the program: September 2020 – when the loan is executed (2) Issue of invitation letters for consulting services: no recruitment of consultants is planned for this program. (3) Tender for the first package of international tenders for the construction of programmes: no tender-related work is planned for this programme. 4 The basic interest rate is the value of the 6-month liquer of the Japanese yen, and the fixed spread remains constant over the life of the loan.
If the base interest rate plus fixed spreads is less than 0.1%, the interest rate is 0.1%. 6 Regardless of income category, the duration and status of the 0.01% interest rate and the 40-year repayment period, including an additional 10 years, apply to projects that support disaster recovery, including the Emergency Recovery Availability Credit (SECURE). With respect to the Emergency Recovery Reserve Credit (SECURE), the duration and condition of a 20-year repayment period, including an additional six years or a 15-year repayment period, including an additional five years, are also available for the application of the currency conversion option. 1 For modest LDCs, the duration and condition of 0.01% interest rate and 40-year repayment period, including an additional 10 years, are applicable, regardless of sectors and sectors.