PM launches Bangladesh Infrastructure Development Fund
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DHAKA, March 15, 2021 (BSS) – Prime Minister Sheikh Hasina today inaugurated Bangladesh Infrastructure Development Fund (BIDF) aiming to finance different development projects from the country’s own fund.
The BIDF that formed taking funds from the foreign exchange reserves began its journey through financing to the capital and maintenance dredging in Ramnabad Channel of the Paira Port.
To this end, a tripartite agreement between the Finance Division, Paira Port Authority and Sonali Bank was signed today at the Finance Division.
BIDF is the first such its kind in South Asia as well as in the world which would finance the development activities.