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IDLC Finance to arrange Tk 2775m for KEZ

January 12, 2019 00:00:00

Abdul Musabbir Ahmad, Managing Director of Kishoregonj Economic Zone Ltd, and Arif Khan, CEO & Managing Director of IDLC Finance Limited, signing the agreement recently

An agreement was signed between Kishoregonj Economic Zone Ltd. (KEZ) and IDLC Finance Limited (Participatory Financial Institution-PFI) for financing in Kishoregonj Economic Zone Ltd. under Investment Promotion Financing Facility-II (IPFF-II) of World Bank, said a statement.

IDLC Finance will act as Lead arranger and Agent of this financing project. Under this agreement, IDLC Finance will arrange BDT 2775 million for 20 year terms which will be used for infrastructure construction of the zone.

This financing will contribute grossly for the socio-economic development of the area of Kishoregonj and Bangladesh as well as part of the government agenda to establish 100 economic zones to create 10 million job.

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