Bangladesh News

Mar 18th
Home arrow News arrow Country News arrow JITCO offers help to export manpower to Japan
JITCO offers help to export manpower to Japan PDF Print E-mail
Wednesday, 27 February 2008

Dhaka, Tokyo sign $65m loan deal

Staff Correspondent

Dhaka and Tokyo on Monday signed a new loan agreement of 6.96 billion yen equivalent to $65 million for emergency disaster damage rehabilitation project.

The Bangladesh foreign affairs adviser Iftekhar Ahmed Chowdhury and his Japanese counterpart Masahiko Koumura signed the deal on behalf of their respective governments after their bilateral meeting.

Iftekhar is now in Japan on a four-day tour.

The rehabilitation project with the loan will be launched following the signed agreement, said a Japanese embassy release. The loan is provided as co-financing with Asian Development Bank.

The objective of the project is to support quick restoration of economic and social activity in the areas, damaged by the floods in 2007 and cyclone Sidr, through providing speedy disbursement type of import financing for essential agricultural commodities as well as rehabilitating and reconstructing damaged public infrastructures and thereby contributing to sustainable economic growth.

The Government of Japan believes that the quick disbursement component, amounting to 2,965 million yen (equivalent to Tk 1.89 billion or $27.7 million), will help the Government of Bangladesh meet immediate financial requirement for recovery from the flood and cyclone damages and purchase essential food commodities over the next few months.

In addition, Japanese government expects that disaster-resistance design to be adopted in rehabilitating and reconstructing infrastructures will contribute to mitigation of damage from future recurrent floods and cyclones.

Meanwhile, Japan International Training Cooperation Organisation has assured that it will facilitate the manpower export to Japan from Bangladesh.

JITCO president Toshio Takano gave the assurance when the Bangladesh foreign adviser Iftekhar Ahmed Chowdhury called on him at his office in Tokyo Monday morning, said a release of the foreign ministry.

The meeting decided that JITCO would organise visits by Japanese recruiting firms to Bangladesh and work with the expatriates welfare and overseas employment ministry.

Quoting the adviser the release said only 12 trainees from Bangladesh came to Japan in the past. 'This is not satisfactory. Now Bangladesh has a huge potential to satisfy the demand for workers in Japan. JITCO can provide language training in centres already existing in Bangladesh.'

Apart from Toshio Takano, senior vice-president of JITCO Takashi Kamitani, Bangladesh ambassador to Tokyo Ashraf-ud-Doula, Japanese ambassador to Dhaka Masahiko Inoue and director general of Far East Wing of the foreign affairs ministry Shahidul Islam were present at the meeting.

Comments Add New
Write comment
  We don't publish your mail. See privacy policy.
Please input the anti-spam code that you can read in the image.
< Prev   Next >