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Japan Extends $209 Million Budgetary Aid to BD

Economic Tag: Foreign Aid

Japan has agreed to provide a development-policy loan of ¥30 billion (approximately US$209 million or Tk 22.73 billion) to Bangladesh, aiming to enhance the country’s public financial management. The loan agreement, signed between Japan International Cooperation Agency (JICA) and Bangladesh’s Economic Relations Division (ERD), offers a 1.6% annual interest rate and a repayment period of 30 years, including a 10-year grace period. This loan follows previous support from Japan, which provided ¥685 million in budget support loans in 2020 and 2021. By improving revenue generation and expenditure management, the loan aims to contribute to Bangladesh’s economic recovery, strengthen foreign exchange reserves, and support reform plans. This funding reflects Japan’s longstanding commitment as Bangladesh’s largest bilateral development partner, reinforcing their cooperative relationship.

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