Japan to provide $1.063 billion to Bangladesh

Japan and Bangladesh on Friday exchanged notes under which Tokyo will provide $1.063 billion to Dhaka as budget support, railway upgradation and grants, reports UNB.

Of the total, Japan will provide 418 million dollars as a Development Policy Loan for Bangladesh's economic reforms and climate resilience, Chief Adviser's Deputy Press Secretary Abul Kalam Azad Majumder said.

Tokyo will also lend 641 million dollars for the upgradation of Joydevpur-Ishwardi into a dual-gauge double railway track and another 4.2 million dollars as grants for scholarships.