Japan to provide $27.21m to Bangladesh

The government of Japan will provide an overall amount of $27.21 million to Bangladesh against two projects.

Out of the amount, Japan will provide 462 million Japanese Yen (equivalent to approximately Tk 35.75 crore or $4.21 million) for the project titled “The Project for Human Resource Development Scholarship (JDS)” as grant for Year 2021.

Besides, Japan will also provide 2,429 million Japanese Yen (equivalent to approximately Tk 194.32 crore or $23.00 million) for the project titled “The Project for the Improvement of Governance and Management Research and Training Facilities”.

In this regard, “Exchange of Notes” and “Grant Agreements” were signed on Wednesday between the government of Bangladesh and the government of Japan.

Fatima Yasmin, Secretary, Economic Relations Division (ERD) signed the “Exchange of Notes” and the “Grant Agreements” on behalf of the government of Bangladesh, while Ito Naoki, Ambassador of Japan in Bangladesh signed the “Exchange of Notes” and Yuho Hayakawa, Chief Representative, JICA Bangladesh Office, signed the “Grant Agreements” on behalf of the Government of Japan.

The Project for Human Resource Development Scholarship is being implemented during the period 2001-2025 by the Economic Relations Division.

Under the project, the grant provided by Japan is being utilized for scholarships for BCS Cadre Officers, Bangladesh Judicial Service Officers and First Class Officers of Bangladesh Bank to study Masters and PhD courses at various universities in Japan. This scholarship is contributing to develop knowledge and skills.