Japan to provide $3.41 million to Bangladesh for human resource development

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Japan will provide $3.41 million (equivalent to 476 million Japanese yen) to Bangladesh for a human resource development project.

Under the project, scholarships are provided to BCS officers, judicial service officers and first class officers of Bangladesh Bank to attend masters and doctoral courses at various universities in Japan.

To that end, the governments of Bangladesh and Japan signed “exchanges of notes” and “grant agreements” on Wednesday, a press release read.

Sharifa Khan, Secretary, Economic Relations Division (ERD), Bangladesh Ministry of Finance, while Ito Naoki, Japanese Ambassador to Bangladesh, and ICHIGUCHI Tomohide, Chief Representative, JICA Bangladesh Office, Dhaka signed ” Exchange of Notes” and “Grant Agreements” on behalf of the respective parties.

The Economic Relations Division implements “The Human Resource Development (JDS) Fellowship Project” during the period 2001-2025.

This scholarship helps to develop the knowledge and skills acquired through higher education at Japanese universities; moreover, it contributes to the development of relations between the two countries.

At present, 89 officials are pursuing master’s studies and 12 officials are pursuing doctoral studies in Japan. Some 383 officials have obtained master’s degrees and two officials have obtained doctorates from different Japanese universities.

The Government of Japan has so far spent $40.45 million (about 5.94 billion Japanese yen) as a grant for the implementation of this project for the period 2001-2022.

In addition to soft loans, Japan also provides large amounts of grants and technical assistance for various projects, including support for human resource development, socio-economic development and environmental protection.

Bangladesh’s largest bilateral development partner has also supported various major projects in the country under the Debt Cancellation Fund.

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