The Japan International Cooperation Agency (JICA) signed a Loan Agreement (L/A) with the Government of the People’s Republic of Bangladesh on May 30 in Tokyo for the “Development Policy Loan for Economic Reforms and Climate Change Resilience” and a Grant Agreement (G/A) for the “Human Resources Development Scholarship Program”. The Loan Agreement (L/A) was signed for the “Development Policy Loan for Strengthening Resilience” and the Grant Agreement (G/A) for the “Scholarship Program for Human Resource Development. The projects covered by the Loan Agreement and the Grant Agreement are as follows.
Signing Ceremony
Project Summary
Development Policy Loans for Economic Reforms and Climate Resilience Enhancement
Development Policy Loan for Economic Reform and Strengthening Climate Change Resilience
Country (region covered)
People’s Republic of Bangladesh (All of Bangladesh)
Business Objectives
This project will provide financial support to Bangladesh, which has been affected by multiple international risks such as price hikes caused by the crisis in Ukraine and other countries and natural disasters that have increased due to climate change, thereby supporting the government’s various economic reforms and climate change measures and contributing to sustainable economic growth. The project will contribute to sustainable economic growth by providing financial support to Bangladesh.
Business
The project will provide financial support to the government of the country based on a policy matrix consisting of two main areas: economic reforms (e.g., improvement of governance and investment climate) and climate change measures. The co-financing will be implemented by sharing some of the policy actions with the Asian Development Bank (ADB) for economic reforms and the World Bank (WB) for climate change measures, respectively.
Loan amount (maximum)
60 billion yen
Main body of interest rate: 2.00
Redemption period
30 years (including 10 years of deferment)
Procurement Conditions
General untied
Implementing Agency
Bangladesh Department of Finance, Ministry of Finance
Contribution to the achievement of the SDGs
Goal 8 (both job satisfaction and economic growth)
Goal 13 (take concrete action on climate change)
Goal 16 (peace and structure for all)
Goal 17 (Let’s achieve our goals in partnership)
Schedule for future project implementation (tentative)
Scheduled completion of the project: June 2025 (project completion upon completion of the loan)
- expected date of sending invitation letter for consulting services (detailed design, etc.): No consulting services are planned to be provided under this project.
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public announcement of bids for the first package of international competitive bids for the main body of work: No work with bids is planned for this project.
The project is co-financed by the Asian Development Bank (loan amount: US$60 million) and the World Bank (loan amount: US$50 million), and will be implemented in close collaboration.
Scholarship Plan for Human Resource Development
The Project for Human Resource Development Scholarship (JDS)
Country (Region)
People’s Republic of Bangladesh (All of Bangladesh)
Business Objectives
This project aims to support young administrative officers who are expected to be involved in policy making at the core of the Bangladeshi government to obtain a degree (master’s or doctoral degree) at a Japanese graduate school, thereby contributing to the development of policies and initiatives on priority development issues in Bangladesh and the building of a human network with Bangladesh, thereby strengthening the bilateral relationship and initiatives between the two countries. This will contribute to the strengthening of bilateral relations and initiatives between the two countries.
Business
The program provides financial support for up to 33 young Bangladeshi government officials (30 students in the master’s program and 3 students in the doctoral program) to study at graduate schools in Japan to contribute to policy making on priority issues in Bangladesh.
Maximum Amount of Provision
606 million yen
Scheduled implementation period
57 months
Implementing Agency
Bangladesh Ministry of Finance
Contribution to the achievement of the SDGs
Goal 4 (quality education for all)
Goal 11 (Create a community where people can continue to live)
Goal 16 (Peace and justice for all)
© Source JICA
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