Japan has pledged $1.063 billion in financial assistance to Bangladesh, encompassing budgetary support, infrastructure development, and educational initiatives. This announcement coincided with the visit of Bangladesh’s interim leader, Muhammad Yunus, to Tokyo, aiming to reinforce the diplomatic and economic relations between the two nations.
The financial package is structured as follows:
**$418 million** allocated as a development policy loan to aid Bangladesh in implementing economic reforms and enhancing climate resilience.
**$641 million** designated for the modernization and upgrading of a railway line, aiming to bolster the country’s transportation infrastructure.
**$4.2 million** provided in grants to support scholarships for Bangladeshi students, fostering educational exchange and capacity building.
During his visit, Muhammad Yunus met with Japanese Prime Minister Shigeru Ishiba to discuss ongoing cooperation and the strengthening of bilateral ties. Yunus assumed the role of interim head of Bangladesh in August 2024 following significant student-led protests that led to the departure of former Prime Minister Sheikh Hasina.
This financial commitment from Japan underscores its support for Bangladesh’s development trajectory and reflects the deepening partnership between the two countries.
Source: Reuters
