Bangladesh and Japan commit to closer partnership

Japan to provide almost US$6 billion in loans for projects in Bangladesh

Bangladesh and Japan commit to closer partnership

World Bulletin/News Desk

Japan and Bangladesh have formed a new "comprehensive partnership" after bilateral meeting talks held between the countries' prime ministers on Monday.

A joint statement issued during Bangladesh Prime Minister Sheikh Hasina's four-day visit to Japan this week, said that the countries would promote wider regional development through improved industrial infrastructure, investment in environment, and enhanced social development. 

Japan's Prime Minister Shinzo Abe announced his commitment to provide up to 600 billion Yen (US$5.9 billion) of additional assistance, mainly in Yen loans, to Bangladesh over four to five years from 2014.

Hasina said she expects new projects to be considered, including the construction of bridges and tunnels, a bypass in the capital Dhaka and ecological restoration for rivers near the city. 

The leaders both emphasized the importance of Bangladesh's role in tackling climate change and the need for greater cooperation. Abe underscored need for Japanese companies to urgently increase environmental investment in Bangladesh.

Last Mod: 28 Mayıs 2014, 14:05
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