Japan and Bangladesh exchanged notes under which Tokyo will provide $1.063 billion to Dhaka as budget support, railway upgradation and grants.

Of the total, Japan will provide 418 million dollars as Development Policy Loan for Bangladesh's economic reforms and climate resilience.

Tokyo will also lend 641 million dollars for upgradation of Joydevpur-Ishwardi into a dual-gauge double railway track and another 4.2 million dollars as grants for scholarships.

MUM/MN/