Japan and Bangladesh on Friday exchanged notes under which Tokyo will provide $1.063 billion to Dhaka for budget support, railway upgradation and as grants.
Of the total assistance, Japan will provide US$ 418 million 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 railway into a dual-gauge double train track and another US$ 4.2 million as grants for scholarships.
