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Japan and Bangladesh, on Thursday, signed the Exchange of Notes of the 44th Official Development Assistance (ODA) amounting to 30 billion yen which is approximately USD 209 million.
IWAMA Kiminori, ambassador of Japan to Bangladesh and Ms Sharifa Khan, secretary, Economic Relations Division, Ministry of Finance signed the document on behalf of their respective countries.
Based on this agreement between the two counties, Mr ICHIGUCHI Tomohide, chief representative of JICA Bangladesh Office and Ms. Sharifa Khan signed a relevant Loan Agreements.
"I’m pleased to be able to sign the Exchange of Notes with regard to 44th Japanese Yen Loan Package today. The loan package includes the "Development Policy Loan For Strengthening Public Financial Management" the Japanese envoy said.
“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,” he mentioned.
Ambassador IWAMA hopes that the ODA would help the Government of Bangladesh overcome the current economic challenges and contribute to further strengthening the relations between the two countries.