The Japan International Cooperation Agency (JICA) signed a Loan Agreement (L/A) of up to 3.3 billion yen with the Royal Government of Bhutan in Thimphu on May 23 for the “Emergency Assistance Loan for the New Coronavirus Crisis Response. This project is co-financed with the World Bank.
This project aims to reduce and mitigate the impact of the new coronavirus in Bhutan by providing financial support to the government of Bhutan to implement economic and social measures in light of the new coronavirus and to strengthen policies that contribute to economic resilience and environmental sustainability, thereby contributing to socioeconomic stability and development efforts in the country. The grant will contribute to the Sustainable Development Goals (SDGs) Goal 2 (zero hunger), 3 (health and well-being for all), 5 (gender equality), 8 (job satisfaction and economic growth), and 13 (concrete measures to combat climate change).
Details of the project are as follows
Amount and terms of loan
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