2023.06.28
Correction: July 7, 2023
In an earlier version of this release, there was a mistake with regard to the project title in the Terms and Amount of Loan as below:
(Incorrect) Development Policy Loan for Economic Recovery and Resilience Enhancement
(Correct) Development Policy Loan for Strengthening Public Financial Management
On June 27, the Japan International Cooperation Agency (JICA) signed a loan agreement with the Government of Bangladesh in Dhaka to provide a Japanese ODA loan of up to 30,000 million yen for the Development Policy Loan for Strengthening Public Financial Management.
signing ceremony
This loan will provide budgetary support as a precautionary measure to Bangladesh, a country affected by multiple global issues, including the COVID-19 pandemic and the Ukraine crisis, and the transportation, food, and energy price spikes associated with the latter. By backing the government’s financial management reforms, the loan specifically aims to increase revenue and improve expenditure management, which in turn will support Bangladesh’s economic recovery and strengthen its public financial management capacity. Consequently, the loan will contribute to SDGs (Sustainable Development Goals) Goals 8 (Decent work and economic growth), 10 (Reduced inequalities), 16 (Peace, justice and strong institutions), and 17 (Partnerships for the goals).
Details for the loan are provided below.
| Project title | Amount (million yen) |
Annual interest rate (%) | Repayment period (years) |
Grace period (years) |
Procurement | |
|---|---|---|---|---|---|---|
| Project | Consulting services | |||||
| Development Policy Loan for Strengthening Public Financial Management | 30,000 | 1.60 | - | 30 | 10 | General untied |
Finance Division, Ministry of Finance
Address: Building # 7, Bangladesh Secretariat, Abdul Goni Road, Dhaka-1000, Bangladesh
Phone: +880-2-9512201, Fax: + 880-2-9576003
Sns share!
scroll