Japan to extend 12.6 bil. yen grant to Bangladesh.
TOKYO, June June: see month. 22 Kyodo
Japan will extend 12.6 billion yen in grants to Bangladesh Bangladesh (bäng-lädĕsh`, băng–) [Bengali,=Bengal nation], officially People's Republic of Bangladesh, republic (2005 est. pop. 144,320,000), 55,126 sq mi (142,776 sq km), S Asia. for the South Asian country's debt relief, the Foreign Ministry said Tuesday Tuesday: see week. .
Japanese Japanese (jăp'ənēz`), language of uncertain origin that is spoken by more than 125 million people, most of whom live in Japan. There are also many speakers of Japanese in the Ryukyu Islands, Korea, Taiwan, parts of the United States, and Ambassador to Bangladesh Yoshikazu Kaneko exchanged documents on the grant Tuesday in Dhaka with Masihur Rahman, secretary of the Bangladeshi Finance Ministry's Economic Relations Division, the Japanese ministry said in a statement.
The grants-in-aid are equivalent to the debt Bangladesh repaid Japan for the fourth quarter of fiscal 1998, based on a loan contract signed by the two countries following a yen loan agreement reached by March 31 last year, the statement said.
The grants will be used to buy products necessary for Bangladesh's economic development and citizens' welfare, it said.