Budget-bankrolling funds are flowing in as Japan now agrees to lend Bangladesh around US$350 million following the footstep of multilateral lending trios of the IMF, the ADB and the World Bank, officials said Monday.

Bangladesh’s largest bilateral donor, Japan, at a negation Monday with the Finance Division and Economic Relations Division (ERD) gave the assurance of budget-support credit, said Ministry of Finance (MoF) officials.

“We sat for negotiations virtually on Monday. Japan may provide JPY50 billion (US$345 million) to JPY60 billion ($414 million) worth of budgetary support to Bangladesh,” said one official.

“We are expecting the credit within this fiscal year (FY) 2024-25, ending on June 30,” he added.

In a move that underscores the strong bilateral ties between the two nations, Japan has agreed to provide Bangladesh with this budgetary support, analysts say. This financial assistance comes at a crucial time for Bangladesh, which is navigating a period of moderated economic growth and grappling with various domestic and global economic headwinds.বিস্তারিত