Japan to provide grant aid for 2 projects

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 Economic Relations Division’s Secretary of 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 997million, approximately USD7.7 million. Another is to provide an additional grant for the costs of the development of 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.