Japan to provide $1.063 billion for budget support, railways
Bangladesh ambassador to Japan Md Daud Ali and Japanese ambassador to Bangladesh Shinichi Saida signed the agreement on behalf of the respective countries. Photo: Chief Adviser GOB Facebook
TOKYO, May 30, 2025 (BSS) – Japan and Bangladesh today exchanged notes under which Tokyo will provide $1.063 billion to Dhaka as supports for budget and railway upgradation and grants for scholarships.
Of the total, Japan will provide 418 million dollars as Development Policy Loan for Bangladesh’s economic reforms and climate resilience, Chief Adviser’s Deputy Press Secretary Abul Kalam Azad Majumder told BSS.
Tokyo will also lend 641 million dollars for upgradation of Joydevpur-Ishwardi lines into a dual-gauge double railway track and another 4.2 million dollars as grants for scholarships.
Three exchanges of notes were signed later in the day, respectively on the Development Policy Loan for Economic Reform and Strengthening Climate Change Resilience (418 million USD), the Loan for the Joydebpur-Ishwardi dual-gauge double-lane railway project (641 million USD) and the grant for the human development scholarship (4.2 million USD).
Bangladesh ambassador to Japan Md Daud Ali and Japanese ambassador to Bangladesh Shinichi Saida signed the agreement on behalf of their respective sides.
Chief Adviser Professor Muhammad Yunus witnessed the signing of the exchanges of notes.