Dhaka, May 30 -- Japan and Bangladesh exchanged notes under which Tokyo will provide USD 1.063 billion to Dhaka as budget support, railway upgradation, and grants, Bangladesh's Chief Adviser's Press Wing said in a statement on Friday.

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

Tokyo will also lend 641 million dollars for the upgradation of the Joydevpur-Ishwardi railway track and another 4.2 million dollars as grants for scholarships, the statement said.

Bangladesh Chief Adviser Muhammad Yunus met with Japanese Prime Minister Ishiba Shigeru in Tokyo during his official working visit to Japan on Friday. They reiterated their shared...