Economic Wing
The Economic Wing at the Embassy of Bangladesh in Japan is headed by an officer who holds the diplomatic rank of a Minister. As a functional unit of the Economic Relations Division (ERD), the Economic Wing is charged with the responsibilities to strengthen and enhance the existing bilateral economic cooperation between Bangladesh and Japan, mainly in the form of official development assistance (ODA). The Economic Wing is facilitating mobilization of resources and financial aid in terms of loan, grant and technical cooperation from Japan to Bangladesh. In addition, this wing is helping to develop/improve capacity of human resources and transfer of technology through facilitating higher education and training for Bangladeshis in Japanese universities and institutions. This wing also helps to promote investment by Japanese companies/entrepreneurs in Bangladesh.
Major Functions of Economic Wing:
Japanese ODA loan support as a result of ‘Comprehensive Partnership’ (since 2014)
During the official visit of Japan by Hon’ble Prime Minister of Bangladesh H.E. Sheikh Hasina in 2014, a summit meeting was held with Japanese Prime Minster H.E. Mr. Shinzo Abe. They took the bilateral relationship to new level by upgrading it to ‘Comprehensive Partnership’. Since then, the economic cooperation between the two countries has been reaching new heights. Year wise Japanese ODA loan support for various projects in Bangladesh since 2014 are as follows:
Year |
ODA Loan Package |
Total Loan Amount |
|
JP |
US$ (eqv) |
||
2014 |
35th |
120.986 billion |
1.184 billion |
2015 |
36th |
133.265 billion |
1.076 billion |
2016 |
37th |
173.538 billion |
1.549 billion |
2017 |
38th |
178.223 billion |
1.5484 billion |
2018 |
39th |
200.371 billion |
1.831 billion |
2019 |
40th |
275.786 billion |
2.5 billion |
2020 |
41st |
338.247 billion |
3.2 billion |
2021 |
42nd |
310.285 billion |
2.823 billion |
Syed Nasir Ershad
Economic Minister
Embassy of Bangladesh, Tokyo, Japan
Phone: 03-3234-5801 (Ext-200)
Email: economin.tokyo@mofa.gov.bd