JICA evaluates US$70 million ODA loan for forest project
VOV.VN - Experts from the Japan International Cooperation Agency (JICA) met with the Dien Bien Provincial People’s Committee on April 8 with respect to ODA funding for an ongoing Sustainable Natural Resource Management Project.
 |
The agreement establishing it was signed July 9, 2015 in Hanoi by the JICA, Ministry of Agriculture and Rural Development, Ministry of Natural Resources and Environment, and the People's Committees of Dien Bien, Lai Chau, Son La, Hoa Binh and Lam Dong.
The thrust of the discussions centred around a proposal to increase a US$53.3 million ODA loan from the JICA to US$70 million to implement the project, for which the counterpart organizations would additionally contribute US$9 million.
“For JICA technical cooperation projects, we always request counterpart organizations to secure enough of a budget and staff allocation to conduct the project effectively,” said JICA lead representative Yoji Mizuguchi.
Without such measures, it is obvious that project activities would not be able to continue after the project termination. Consequently, the result and investment of JICA in the project become useless.
Mr Mizuguchi said a final decision has yet to be made by the JICA on the ODA loan request but expects the matter to be fully vetted and a final decision made in the not so distant future.
