A $100 million project to facilitate investment growth in the country's infrastructures is set to kick off from next July. "Process is on to launch a project - Infrastructure Promotion Financing Facility (IPFF) - from the beginning of next financial year," a senior government official confirmed.

The World Bank (WB) has already assured the government of providing $50 million for going ahead with the initiative while the remaining amount of is to be channelised from the existing Financial Institutions Development Project (FIDP).

To be implemented by the Bangladesh Bank (BB), the government will be the ultimate borrower...

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Posted by rjorr at March 8, 2006 6:54 PM