Bangladesh, Japan’ sign deal on 44th ODA Yen loan

Japanese Ambassador to Bangladesh Iwama Kiminori and Economic Relations Division Secretary Sharifa Khan on Tuesday signed the exchange of notes of the 44th Official Development Assistance (ODA) Yen loan of Japan to Bangladesh.

The first instalment of the 44th Japanese Yen Loan Package is 30 billion yen (approximately USD 209 million).

Based on this agreement between the two counties, ICHIGUCHI Tomohide, Chief Representative of JICA Bangladesh Office and Sharifa Khan signed relevant loan agreements.

"I’m pleased to be able to sign the Exchange of Notes with regard to the 44th Japanese Yen Loan Package today," said the Ambassador.

The loan package includes the "Development Policy Loan For Strengthening Public Financial Management".

During Prime Minister Sheikh Hasina's visit to Japan, Prime Minister Kishida assured Prime Minister Sheikh Hasina to consider a new budget support loan, and based on this, the Japanese government quickly approved the loan in a Cabinet meeting.

"I hope it will help the government of Bangladesh overcome the current economic challenges and contribute to further strengthening the relations between the two countries," said Ambassador Iwama at the signing ceremony.