POST TIME: 14 March, 2018 00:00 00 AM
IPFF project facilities
BB asks banks, FIs to apply by Apr 19

BB asks banks, FIs to apply by Apr 19

Bangladesh Bank (BB) yesterday asked the private commercial banks and Financial Institutions (FIs) to apply for taking facilities from the Investment Promotion and Financing Facility (IPFF) project by April 19, reports BSS.

"Scheduled commercial banks in private sector and FIs that meet the eligibility criteria and intend to avail of the financing facility may apply to the Project Director of IPFF 11 Project preferably by April 19, 2018," said a BB circular.

All required information and documents must be included in the application, the circular added.

A financing agreement was signed by the government with the International Development Association (IDA) on November 5, 2017 to carry out IPFF 11 project.