Six PFIs to finance Meghna Industrial Economic Zone

Tuesday, 30 June 2020

Six Participating Financial Institutions (PFIs) got approval from the Bangladesh Bank on Monday for financing Meghna Industrial Economic Zone Limited (MIEZL) in Narayanganj.
A total of BDT 2.82 billion under Investment Promotion and Financing Facility II (IPFF II) Project of Bangladesh Bank, co-financed by the Government of Bangladesh and the World Bank, has been extended to a syndication of six PFIs--Industrial & Infrastructure Development Finance Company Limited, Infrastructure Development Company Limited, Midland Bank Limited, Bank Asia Limited, Trust Bank Limited and United Commercial Bank Limited--for financing MIEZL in Narayanganj, according to a statement issued by Bangladesh Bank.
MIEZL is the first BEZA-approved private economic zone that got long-term loan from IPFF II project.
"It is expected that MIEZL would play a vital role in the process of rapid economic development of the country," the BB statement added.