(Japanese Note) 

　Dhaka, June 26,1995

　Sir,

　I have the honour to refer to the resolution 165 dated March 11,1978 of the Third Part of the Ninth Special Session of the Trade and Development Board of the United Nations Conference on Trade and Development regarding debt and development problems of developing countries and to the recent discussions held between the representatives of the Government of Japan and of the Government of the People's Republic of Bangladesh concerning Japanese economic cooperation to be extended to the People's Republic of Bangladesh with a view to strengthening friendly and cooperative relations between the two countries, and to propose on behalf of the Government of Japan the following arrangements:

1. Noting the debts of the Government of the People's Republic of Bangladesh under the loan agreement concluded in accordance with the Notes exchanged between the Government of Japan and the Government of the People's Republic of Bangladesh on the dates enumerated in the list attached to this Note, the Government of Japan will extend to the Government of the People's Republic of Bangladesh, in accordance with the relevant laws and regulations of Japan, a grant of eight billion seventy-seven million and ninety-nine thousand yen (8,077,099,000) (hereinafter referred to as "the Grant") for the purpose of contributing to the development of the economy of the People's Republic of Bangladesh and the enhancement of the welfare of its people.

2. (1) The Grant and its accrued interest will be used by the Government of the People's Republic of Bangladesh properly and exclusively for the purchase of products enumerated in a list to be mutually agreed upon between the authorities concerned of the two Governments and services incidental to such products, provided that those products are produced in eligible source countries.