Bangladesh and Japan on Monday signed the exchange of notes on the Japanese grant aid for two projects.
Ambassador of Japan to Bangladesh Iwama Kiminori and Secretary of Economic Relations Division of the Ministry of Finance Sharifa Khan signed the documents representing the respective governments.
One is to provide the grant for the “Project for Improvement of Equipment for Technical Education” - up to JPY 997 million, approximately USD7.7 million.
Another is to provide an additional grant for the costs of the development of the Bangladesh Institute of Governance and Management (BIGM), the augmented grant of which is up to JPY2,762 million, about USD 21 million.
“It gives me pleasure to sign both of these 2 projects, which are important supports for Bangladesh to develop world-class human resources. In this regard, these are particularly essential toward graduation from the least developed countries (LDC) status in 2026 and to become a developed country in 2041," said Ambassador Iwama.
The grant for the “Project for Improvement of Equipment for Technical Education” is to provide training equipment in the field of electrical, electronic, mechanical and computer to Dhaka Polytechnic Institute, Dhaka Mohila Polytechnic Institute, and Technical Teachers Training College.
This supports human resource development with a scientific and mathematical background and engineering skills, with a view to shifting the industrial structure in order to ensure competitiveness in the international market.
The additional grant for BIGM is to construct new facilities and to procure equipment for the training of senior administrative officials and for policy research at BIGM, for which additional cost is incurred due to the price escalation affected by difficult global conditions.
In order to promote sustainable development in Bangladesh in the future, it is essential to strengthen the policy formulation and execution capacity of senior administrative officials.
BIGM is a higher education and research institute that offers master's programs in the public sector to people from diverse backgrounds, including the private sector as well as public officials.
