DHAKA, Oct. 14 (NsNewsWire)– Bangladesh Bank has signed Master Facility Agreement (MFA) with selected three (03) commercial banks in its Conference Room on 14 October, 2018 to enlist them as Participating Financial Institution (PFI) under Investment Promotion and Financing Facility II (IPFF II).
Mr. Ahmed Jamal, Deputy Governor of Bangladesh Bank & Project Director of IPFF II Project was the chief guest in the program. Mr. Rathin Kumar Paul, Deputy General Manager of Bangladesh Bank & Deputy Project Director of IPFF II Project chaired the program. Besides, Mr. A.K.M. Abdullah, Senior Financial Sector Specialist of the World Bank, senior officials of Bangladesh Bank and Chief Executive Officers as well as senior officials of concerned three banks were present in the program. Bank Asia Limited, Brac Bank Limited and Trust Bank Limited were enlisted as PFI in this phase under IPFF II through the signing of this agreement. In the first phase Master Facility Agreement (MFA) was signed with eight banks and four Financial Institutions on 07 August, 2018.
This is to be mentioned that USD 403.70 million equivalents to BDT 3177.12 crore will be extended as long term loan to the private sector led infrastructure projects endorsed by relevant government agencies. The eligible sectors for financing under IPFF II Project are: power generation, transmission, distribution, renewable energy and services, port development, industrial and solid waste management, highways and expressways, airport terminals and related aviation facilities, water supply and distribution, sewerage and drainage, industrial estates, economic zones, eco parks, theme parks and parks development, social sector including infrastructure in health and education and information and communication technology. Press Release