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Documents on Japanese grant aid, loan deal signed

  • Published at 09:53 pm June 30th, 2019
Documents on Japanese grant aid, loan deal signed
Top Economic Relations Division and Japanese Embassy officials at the ERD office on Sunday Courtesy

Hitoshi Hirata, chief representative of Japan International Cooperation Agency (JICA) Bangladesh office, also attended the ceremony and signed the grant and loan agreements

Bangladesh and Japan on Sunday signed a number of documents under Japanese grant aid and the 40th Japanese Yen loan package.

The documents were signed on the Project for Human Resource Development Scholarship (JDS), the Densification of Global Navigation Satellite System (GNSS); Continuously Operating Reference Station Network and the Modernization of Tidal Station in Bangladesh and Matarbari Ultra Super Critical Coal-Fired Power Project (V) on the government of Japan's 40th Japanese Yen Loan Package.

Hiroyasu Izumi, ambassador of Japan to Bangladesh, and Monowar Ahmed, secretary of ERD signed the exchange of notes representing respective governments at the Economic Relations Division (ERD) of Ministry of Finance.

Hitoshi Hirata, chief representative of Japan International Cooperation Agency (JICA) Bangladesh office, also attended the ceremony and signed the grant and loan agreements.

Since 2002 to date, 358 Bangladeshi officials have studied in master courses in Japanese universities under the JDS scheme, said the Japanese Embassy in Dhaka.

In light of the strong expectation of the government of Bangladesh to enlarge the scheme, the government of Japan has increased the annual number of Bangladesh JDS awardees significantly during the past few years: the yearly intake of 15 which stayed constant between 2010 and 2014 has doubled to 30 in 2016.

Besides, three PhD fellows have studied for the first time since the spring of 2018.

It is expected that JDS fellows would play an active role after completion of the programs in drawing up and implementing social and economic development policies in Bangladesh, said the embassy.

It is also expected that JDS fellows would make valuable contributions to furthering mutual understanding, and deepen and broaden friendship between Japan and Bangladesh.

Due to the rapid economic development of Bangladesh, infrastructure development in a wide area of the country is indispensable, and a huge demand is expected in the future, according to Japanese Embassy in Dhaka.

In the development of infrastructure, a map with high accuracy is required to confirm the topography of the target area, it said.

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