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Foreign minister: Japan’s $2.5bn ODA to help Bangladesh

  • Published at 11:31 pm June 10th, 2019
Web_Dr-AK-Abdul-Momen
File photo of Foreign Minister Dr AK Abdul Momen Collected

During the prime minister’s Tokyo visit, Bangladesh and Japan signed their 40th Official Development Assistance (ODA) deal, involving $2.5 billion for implementing four projects

Foreign Minister Dr AK Abdul Momen on Monday described Prime Minister Sheikh Hasina’s recent visit to Japan as very significant, as Dhaka inked a $2.5 billion deal with Tokyo.

“It’s a lot of money. We do believe it will help us a lot as Bangladesh is now at a rising state,” he told reporters at his office at the Foreign Ministry in Dhaka.

During the prime minister’s Tokyo visit, Bangladesh and Japan signed their 40th Official Development Assistance (ODA) deal, involving $2.5 billion for implementing four projects. This is 35% higher as compared to last year’s ODA.

The four projects taken under the 40th ODA package deal are: the Matarbari Port Development Project, Dhaka Mass Rapid Transit Development Project (Line 1), Foreign Direct Investment Promotion Project, and Energy Efficiency and Conservation Promotion Financing Project (Phase 2).

Momen said Japan has also agreed to take skilled manpower from Bangladesh for the first time, after teaching them Japanese in Bangladesh.

“During the visit, we have also signed an agreement in this regard. It is an achievement for Bangladesh, as Japan agreed to take our human resources for the first time,” he added.

Apart from the government to government deals, the foreign minister said a private deal was also signed to set up a specialized modern cancer hospital in Dhaka at a cost of Tk2,000 crore.

Momen said Tokyo has decided to celebrate 50 years of diplomatic ties with Dhaka during Bangladesh’s grand celebration of the golden jubilee of independence.

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