Business Desk :
Bangladesh Infrastructure Finance Fund Limited (BIFFL), one of the major government-owned non-bank financial institutions focused largely on infrastructure projects and BlueMount Capital, an Australian-headquartered corporate finance house signed a MoU to collaborate on international financing of infrastructure and green projects in Bangladesh. The deal was signed at BIFFL office in the city recently with the presents of top management from both the organizations.
Bangladesh’s GDP has grown at a rate of 7 percent per annum for the past 10 years and the country has enormous infrastructure financing requirement to meet its goal of becoming a middle-income country by 2021 and achieving Sustainable Development Goals (SDG) by 2030, said a press release.
BIFFL has already financed 40 projects in Bangladesh and have a robust project pipeline at different stages of development. Traditionally, Bangladesh has utilised soft-loan funds from the Asian Development Bank, World Bank and similar international finance institutions.
Under the MoU, BlueMount Capital will work with BIFFL on corporate and commercial investment and financing channels.
The Parties will cooperate to secure support from the Bangladesh Government for guarantees and appropriate incentives, in applicable cases, to attract international investment.
“We are pleased with this initiative to broaden our inbound investment channels with an international corporate finance house such as BlueMount Capital,” said the Executive Director and CEO of BIFFL SM Formanul Islam.
Bangladesh Infrastructure Finance Fund Limited (BIFFL), one of the major government-owned non-bank financial institutions focused largely on infrastructure projects and BlueMount Capital, an Australian-headquartered corporate finance house signed a MoU to collaborate on international financing of infrastructure and green projects in Bangladesh. The deal was signed at BIFFL office in the city recently with the presents of top management from both the organizations.
Bangladesh’s GDP has grown at a rate of 7 percent per annum for the past 10 years and the country has enormous infrastructure financing requirement to meet its goal of becoming a middle-income country by 2021 and achieving Sustainable Development Goals (SDG) by 2030, said a press release.
BIFFL has already financed 40 projects in Bangladesh and have a robust project pipeline at different stages of development. Traditionally, Bangladesh has utilised soft-loan funds from the Asian Development Bank, World Bank and similar international finance institutions.
Under the MoU, BlueMount Capital will work with BIFFL on corporate and commercial investment and financing channels.
The Parties will cooperate to secure support from the Bangladesh Government for guarantees and appropriate incentives, in applicable cases, to attract international investment.
“We are pleased with this initiative to broaden our inbound investment channels with an international corporate finance house such as BlueMount Capital,” said the Executive Director and CEO of BIFFL SM Formanul Islam.
