Investment promotion
Bangladesh Bank, IIDFC sign deal
Industrial and Infrastructure Development Finance Company Limited (IIDFC) is now eligible to participate in the Investment Promotion Financing Facility (IPFF), says a press release. IPFF is co-sponsored by Bangladesh government and the International Development Association (IDA). The main objective of this facility is to promote infrastructure development through private sector entrepreneurs. A master facility agreement to this effect was signed between Bangladesh Bank and IIDFC in Dhaka yesterday. Md Abul Quasem, executive director of Bangladesh Bank and Project Director-IPFF, and Mahmood Malik, managing director of IIDFC, signed the agreement on behalf of the organisations. IIDFC, one of the fastest growing non-banking financial institutions, started its journey in 2001.
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Industrial and Infrastructure Development Finance Company Limited (IIDFC) is now eligible to participate in the Investment Promotion Financing Facility (IPFF). Md Abul Quasem, executive director of Bangladesh Bank and Project Director-IPFF, and Mahmood Malik, managing director of IIDFC, signed an agreement to this effect on behalf of the organisations in Dhaka yesterday. PHOTO: STAR |
