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Dhaka Bank inks deal with BB to enjoy IPFF

Tuesday, 30 October 2007


FE Report
A signing ceremony following the Master Facility Agreement between the Bangladesh Bank (BB) and Dhaka Bank for participation in the 'Investment Promotion and Financing Facility (IPFF)' was held in the city Thursday, said a press release.
The International Development Association (IDA) and the Bangladesh government will provide fund under the IPFF to co-finance infrastructural development projects like power, port development, highways, expressways, bridges, airport, terminals, etc.
Managing Director of Dhaka Bank Ltd Shahed Noman and BB Executive Director Md Abul Quasem signed the agreement on behalf of their respective organisations.