{"id":6735,"date":"2026-01-15T12:47:07","date_gmt":"2026-01-15T10:47:07","guid":{"rendered":"http:\/\/muammar-shahrear-famous"},"modified":"2026-03-03T08:52:54","modified_gmt":"2026-03-03T06:52:54","password":"","slug":"1-07b-loan-deals-likely-during-chief-advisers-upcoming-japan-visit-2","status":"publish","type":"docs","link":"https:\/\/betterdocs.msf.shahrear.site\/index.php\/docs\/non-knowledgebase\/uncategorized\/1-07b-loan-deals-likely-during-chief-advisers-upcoming-japan-visit-2\/","title":{"rendered":"$1.07b loan deals likely during chief adviser&#8217;s upcoming Japan visit"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Chief Adviser Muhammad Yunus to visit Japan from 28 to 30 May<\/h2>\n\n\n\n<h1 class=\"wp-block-heading\">Test<\/h1>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.tbsnews.net\/sites\/default\/files\/styles\/big_2\/public\/images\/2024\/11\/03\/chief_adviser_yunus_ndc_afwc_pid.jpg\" alt=\"Chief Adviser of the interim government Prof Muhammad Yunus addresses the members of the National Defence Course and Armed Forces War Course of the National Defence College during an event at his office in Tejgaon, Dhaka on Sunday, 3 November, 2024. Photo: PID\" title=\"\"\/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Chief Adviser of the interim government Prof Muhammad Yunus addresses the members of the National Defence Course and Armed Forces War Course of the National Defence College during an event at his office in Tejgaon, Dhaka on Sunday, 3 November, 2024. Photo: PID<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Highlights:<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Advertisement: 4:44Close Player<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><em>$656.16m loan for Joydebpur-Ishwardi rail project<\/em><\/li>\n\n\n\n<li><em>$418m in budget support under Japan&#8217;s Development Policy Loan<\/em><\/li>\n\n\n\n<li><em>Grant agreement worth $5.44m may also be signed<\/em><\/li>\n\n\n\n<li><em>Rail project initially agreed with China, but withdrew over cost<\/em><\/li>\n\n\n\n<li><em>Japan remains top bilateral development partner for Bangladesh<\/em><\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Bangladesh is expected to sign two loan agreements worth a total of $1.074 billion with Japan during the upcoming visit of Chief Adviser Muhammad Yunus to Tokyo from 28 May to 30 May.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Two loan agreements and one grant deal are being finalised ahead of the visit, according to senior officials from the Economic Relations Division (ERD).<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMIivlQsw2ZKrAw?ceid=US:en&#038;oc=3\">\u00a0Keep updated, follow The Business Standard&#8217;s Google news channel<\/a><\/h4>\n<h4 class=\"wp-block-heading\">\u00a0Keep updated, follow The Business Standard&#8217;s Google news channel<\/h4>\n<h4><strong>Comma, test<\/strong><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">Among these is a $656.16 million loan for the Joydebpur-Ishwardi rail line expansion project, equivalent to \u00a592.08 billion. Another $418 million (\u00a563 billion) will be provided as budget support.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In addition to the loan deals, a grant agreement worth $5.44 million (\u00a5835 million) for the &#8220;Improvement of Equipment for Air Pollution Monitoring Project&#8221; may also be signed.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">An ERD official, requesting anonymity, said preparations are nearly complete to sign the two loan agreements and one grant deal during the chief adviser&#8217;s upcoming Japan visit.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&#8220;Under these agreements, Bangladesh is expected to receive a total of $1.079 billion from Japan,&#8221; he said.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The official said draft loan documents prepared by the Japan International Cooperation Agency (Jica) have already been sent to the law ministry for vetting. Once approved, the summary will be forwarded to the chief adviser for his consent.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Shift from, China to Japan<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The &#8220;Construction of Dual Gauge Double Line between Joydebpur-Ishwardi Section&#8221; project was initially approved by the Executive Committee of the National Economic Council in 2019 with plans to implement it under a government-to-government (G2G) arrangement with China.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">According to Planning Commission data, the project was initially approved at Tk14,250 crore, with China expected to provide Tk8,757 crore. The Railway even signed a Tk10,302 crore deal with China Railway Engineering Construction Company.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">However, the Chinese proposal faced criticism over excessive costs.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Following instructions from the then prime minister, an inter-ministerial committee reviewed the estimated expenses in 2021 and found an excess cost of around Tk217 crore.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">When the Chinese contractor objected to the revised budget, the government sought alternative funding. Subsequently, Japan was approached through Jica, which agreed to provide financing.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Md Golam Mostafa, project director, told The Business Standard that Japan will initially provide $656.16 million, but further foreign loans may be required as the project progresses.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A Japanese consultancy firm is expected to be appointed within a year to prepare the detailed design, which will help determine the total financing needs, he said.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&#8220;Whether Japan will provide additional funds depends on this design and the government&#8217;s future negotiations. Bangladesh Railway aims to complete the project by 2030,&#8221; added Mostafa.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Budget support<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The budget support loan from Japan is also part of efforts to tackle the country&#8217;s ongoing economic crisis.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">ERD sources said that negotiations for the $418 million loan under Japan&#8217;s Development Policy Loan for Economic Reform and Strengthening Climate Change Resilience concluded last week.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">These discussions resumed after the International Monetary Fund (IMF) offered assurance of releasing the fourth and fifth tranches of its $4.7 billion loan in June.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Development partners like the World Bank and Asian Development Bank typically wait for IMF&#8217;s clearance before releasing budget support. Though bilateral lenders are not obligated to follow this rule, Japan does so voluntarily.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Japanese loans<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Japan has already signed loan and grant agreements worth $1.036 billion with Bangladesh in the current fiscal year. These include $830.88 million in loans and $205.49 million in grants.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">As of 30 June last year, Japan&#8217;s outstanding loans to Bangladesh stood at $11.25 billion, the third highest among all development partners and the highest among bilateral donors.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><a href=\"https:\/\/www.tbsnews.net\/top-news\">Top News<\/a><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.tbsnews.net\/tags\/japan-bangladesh-0\">Japan &#8211; Bangladesh<\/a>&nbsp;\/&nbsp;<a href=\"https:\/\/www.tbsnews.net\/tags\/loan-agreement\">Loan agreement<\/a>&nbsp;\/&nbsp;<a href=\"https:\/\/www.tbsnews.net\/tags\/chief-adviser-muhammad-yunus\">Chief Adviser Muhammad Yunus<\/a><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Comments<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers&#8217; own views and The Business Standard does not endorse any of the readers&#8217; comments.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">https:\/\/www.facebook.com\/v4.0\/plugins\/comments.php?app_id=434065700527142&#038;channel=https%3A%2F%2Fstaticxx.facebook.com%2Fx%2Fconnect%2Fxd_arbiter%2F%3Fversion%3D46%23cb%3Dfb2aa882693e9c0df%26domain%3Dwww.tbsnews.net%26is_canvas%3Dfalse%26origin%3Dhttps%253A%252F%252Fwww.tbsnews.net%252Fff2f199c47963f29b%26relation%3Dparent.parent&#038;container_width=627&#038;height=100&#038;href=https%3A%2F%2Fwww.tbsnews.net%2Feconomy%2F107b-loan-deals-likely-during-chief-advisers-upcoming-japan-visit-1151786&#038;locale=en_US&#038;numposts=5&#038;sdk=joey&#038;version=v4.0&#038;width=<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><a href=\"https:\/\/www.tbsnews.net\/top-news\">Top Stories<\/a><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><img decoding=\"async\" src=\"https:\/\/www.tbsnews.net\/sites\/default\/files\/styles\/medium_2\/public\/images\/2024\/11\/03\/chief_adviser_yunus_ndc_afwc_pid.jpg\" alt=\"Chief Adviser of the interim government Prof Muhammad Yunus addresses the members of the National Defence Course and Armed Forces War Course of the National Defence College during an event at his office in Tejgaon, Dhaka on Sunday, 3 November, 2024. Photo: PID\" width=\"264\" height=\"149\"><a href=\"https:\/\/www.tbsnews.net\/economy\/107b-loan-deals-likely-during-chief-advisers-upcoming-japan-visit-1151786\">$1.07b loan deals likely during chief adviser&#8217;s upcoming Japan visit<\/a><\/li>\n\n\n\n<li><img decoding=\"async\" src=\"https:\/\/www.tbsnews.net\/sites\/default\/files\/styles\/medium_2\/public\/images\/2025\/05\/26\/495073599_1837766206799611_9079353821918592354_n.jpg\" alt=\"Protestors began gathering on the Nagar Bhaban premises at around 10am on 26 May 2025. Photo: Collected \" width=\"264\" height=\"149\"><a href=\"https:\/\/www.tbsnews.net\/bangladesh\/ishraques-swear-dhaka-south-mayor-protests-continue-12th-day-nagar-bhaban-1151801\">Ishraque&#8217;s swear-in as Dhaka South mayor: Protests continue for 12th day at Nagar Bhaban<\/a><\/li>\n\n\n\n<li><img decoding=\"async\" src=\"https:\/\/www.tbsnews.net\/sites\/default\/files\/styles\/medium_2\/public\/images\/2025\/05\/25\/secretariat_protest_25_may.jpg\" alt=\"Screengrabs from video shows Secretariat employees joining a protest march on Sunday, 25 May 2025\" width=\"264\" height=\"149\"><a href=\"https:\/\/www.tbsnews.net\/bangladesh\/security-beefed-secretariat-protesters-prepare-stage-demo-against-public-service-act\">Officials at Secretariat resume protest against Public Service Act amendment<\/a><\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">MOST VIEWED<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.tbsnews.net\/sites\/default\/files\/styles\/medium_2\/public\/images\/2025\/05\/25\/transport_info.jpg\" alt=\"Infographic: TBS\" width=\"264\" height=\"149\"><a href=\"https:\/\/www.tbsnews.net\/bangladesh\/transport\/new-transport-strategy-dhaka-seeks-promote-walking-cycling-1150931\">New transport strategy for Dhaka seeks to promote walking, cycling<\/a><\/li>\n\n\n\n<li><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.tbsnews.net\/sites\/default\/files\/styles\/medium_2\/public\/images\/2025\/05\/25\/nbr_protest.jpg\" alt=\"Protesting NBR officials speak at a press conference on 25 May. 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href=\"https:\/\/www.tbsnews.net\/videos\/tbs-stories\">TBS Stories<\/a><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.tbsnews.net\/sites\/default\/files\/styles\/medium_2\/public\/images\/2025\/05\/25\/186_desher_maajhe_ye_kaarnne_anny_gaayyaanaa.jpg\" alt=\"How the small country in South America has become the subject of research.\" title=\"\"\/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/www.tbsnews.net\/videos\/others\/how-small-country-south-america-has-become-subject-research-1151696\">How the small country in South America has become the subject of research.<\/a><\/h3>\n\n\n<div class=\"betterdocs-blocks betterdocs-feedback-form-81rk92y feedback-form\">\n\t<a\n\t\tclass=\"feedback-form-link\" href=\"#betterdocs-form-modal\" name=\"betterdocs-form-modal\">\n\t\t\t<span class=\"feedback-form-icon\">\n\t\t\t\t\t\t\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" 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