DHAKA: Japan has pledged US$1.063 billion in support to Bangladesh, encompassing budget assistance, railway infrastructure upgrades, and educational grants, according to a statement from Dhaka.
The announcement comes during a visit to Tokyo by Bangladesh’s interim leader, Nobel Peace laureate Muhammad Yunus, who met with Japanese Prime Minister Shigeru Ishiba to strengthen bilateral relations.
The aid package includes a US$418 million development policy loan aimed at supporting economic reforms and enhancing climate resilience. An additional US$641 million will go towards upgrading a key railway line, while US$4.2 million has been allocated as grants for Bangladeshi students to pursue higher education in Japan.
Yunus assumed interim leadership in August 2024 following mass student-led protests that led to the departure of former prime minister Sheikh Hasina.
