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Thrust and Areas of Assistance:

(1) Strengthening of the economic structure for sustainable growth and the removal of impediments to such growth:

     (a) appropriate macroeconomic management

     (b) strengthening of the economic structure

     (c) improved economic infrastructure

(2) Mitigation of disparities

     (a) agriculture and rural development

     (b) improved basic living conditions

(3) Environmental conservation and disaster management

     (a) provision of environmental measures

     (b) disaster management

(4) Human resources development and institution building

     (a) improved quality of and access to primary and secondary education

     (b) improved technical and technological education

     (c) improved administrative capacity and institution building

Forms of Assistance:

Japan Bank for International Cooperation  (JBIC) - program loans, project loans

Japan International Cooperation Agency (JICA) - techincal cooperation (i.e. development studies, expert dispatch); grant aid (i.e. general grant aid, commodity assistance) 

Terms and Conditions:

JBIC: (23rd Yen Loan Package) 1.8 percent interest rate for capital component (0.75 percent for consultancy component), payable in 40 years inclusive of 10 years grace period; for environment related projects, 0.75% interest rate for capital component and consultancy component, payable in 40 years inclusive of 10 years grace period

Special Yen Loan Package: 1 percent, 40 years inclusive of 10 year grace period

Contacts:

H.E. Yoshihisa Ara
Ambassador

Embassy of Japan
2627 Roxas Blvd.
Pasay City 1300

Telephone No: (632) 551-5710
Fax Nos: (632) 551-5780

Link to Japanese Embassy

Mr. Seitchi Kitazawa
Chief Resident Representative, Japan Bank for International Cooperation

31/F Citibank Tower
Valero cor. Villar Streets
Makati City

Telephone No: (632) 848-1828 / 752-5682
Fax Nos: (632) 848-1833--35

Mr. Hideo Ono
Resident Representative, JICA

12/F Pacific Star Building
Se. Gil Puyat Ave. cor. Makati Ave.
Makati City

Telephone No: (632) 893-3081
Fax Nos: (632) 816-4222

Link to JICA

PIS Contact Persons:

JICA

Ameta B. Benjamin
JoAnne P. Tolentino

JBIC

Evelyn P. Santiago


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Public Investment Staff, National Economic and Development Authority

Telefax (632) 631-3748 / 631-3759 / 631-2198             NEDA Trunkline (632) 631-0945-56