Friday, 29 September, 2023

JICA gives Bangladesh 261bn yen in FY2022

Country received the second highest ODA commitment in 2021

  • Special Correspondent
  • 29 May, 2023 12:00 AM
  • Print news

The Japan International Cooperation Agency (JICA) disbursed 261 billion yen as aid in the Japanese fiscal year 2022.

The amount was slightly less than then JICA disbursed during the previous year. In 2021, the agency provided 264 billion yen,

The JICA pledged and disbursed 331 billion yen, equivalent to Tk 251.56 billion, in the past fiscal year as aid for five major development projects in Bangladesh, said a press release.

This is the second highest amount of aid to Bangladesh since JICA began providing official development assistance (ODA) in March 1974.

Bangladesh received 373 billion yen, the highest amount of ODA from JICA in the 2020 fiscal year spanning from April 2020 to March 2021.

The latest commitment and disbursement of ODA loan came for five key projects – an amount of 133.399 billion yen for Dhaka Mass Rapid Transit Development Project (Line 5 Northern Route) (II), 32.462 billion yen for Southern Chattogram Regional Development Project, 105.362 billion yen for Matarbari Port Development Project (II), 55.729 billion yen for Chattogram-Cox’s Bazar Highway Improvement Project (I), and 4.228 billion yen for Project for the Construction of Dual Gauge Double Line between Joydebpur-Ishwardi Section (E/S).

The record ODA can be attributed to the steady progress of the ongoing mega projects. This solidifies JICA’s long-standing history of cooperation with Bangladesh.

Over the past decade, JICA has steadfastly expanded its collaboration with Bangladesh through ODA loans, grants, and technical cooperation schemes, effectively meeting Bangladesh’s growing demand for a heightened economic and social infrastructure.

In the coming years, JICA aims to continue working with Bangladesh to realise its development agenda.