Tokyo, May 30 (V7N) – Japan has announced a significant financial commitment to Bangladesh, pledging $1 billion in loans and grants to support the country's budget and railway infrastructure development. The announcement came during a high-level meeting between Chief Advisor Professor Muhammad Yunus and Japanese Prime Minister Shigeru Ishiba in Tokyo on Friday morning.

The funding agreement was finalized as part of a bilateral summit held at the Prime Minister’s Office of Japan. Chief Advisor Yunus, currently on a four-day official visit to Japan, was welcomed with a guard of honor upon arrival at 11:30 AM local time.

In addition to the major financial announcement, six memorandums of understanding (MoUs) were signed between the two countries, covering a wide range of sectors aimed at boosting cooperation and investment. The signed MoUs include:

  • One-Stop Service System by Bangladesh Investment Development Authority (BIDA)

  • Establishment of a Battery-Powered Bicycle Manufacturing Plant

  • Installation of Prepaid Gas Meters

  • A Pilot Project on Information Security

  • Land Agreement in the Bangladesh Special Economic Zone

  • Additional strategic cooperation agreements to facilitate Japanese investment

Japan also reaffirmed its support for Bangladesh on the Rohingya crisis, assuring assistance in seeking sustainable solutions to the humanitarian challenge.

This marks a deepening of the long-standing partnership between Bangladesh and Japan, with Tokyo positioning itself as a key ally in Bangladesh’s infrastructure, economic reform, and digital transformation goals.

Chief Advisor Yunus is scheduled to return to Dhaka from Tokyo via Singapore Airlines on Saturday morning, with arrival expected late Saturday night.

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