DHAKA: Japan will provide US$1.063 billion in support to Bangladesh for budget assistance, railway upgrades and education, Dhaka said today, as interim head Muhammad Yunus visits Tokyo to strengthen ties between the two countries.
“The package includes US$418 million as a development policy loan to Bangladesh to help with economic reforms and climate resilience,” Yunus’ press office said in a statement.
Another US$641 million will be used to upgrade a railway line, while Japan will also provide US$4.2 million in grants for scholarships for Bangladeshi students.
Japan Prime Minister Shigeru Ishiba met with Nobel Peace laureate Yunus today, who took over as interim head of the South Asian country last August, after deadly student-led protests forced then prime minister Sheikh Hasina to flee to India.