The Asian Development Bank Monday approved a $100 million loan in additional financing to support critical infrastructure development through public鈥損rivate partnerships in Bangladesh.
鈥楾his project will enable Bangladesh to catalyze private sector financing, reduce pressure on public finance to address infrastructure development deficits, and create more employment,鈥� said ADB Country Director for Bangladesh Hoe Yun Jeong in a press release.
鈥楾he loan will enhance the financial and institutional capacity of the Bangladesh Infrastructure Finance Fund Limited (BIFFL) to deliver its mandate of fostering an environment that supports sustainable private investments through the mobilization of PPP, with a strong focus on gender and climate change.鈥�
The Strengthening the Bangladesh Infrastructure Finance Fund Limited Project 鈥� Additional Financing will strengthen BIFFL鈥檚 capacity to crowd in private sector financing and facilitate new technologies brought by international sponsors and foreign direct investors. With ADB鈥檚 support, BIFFL will establish gender screening of subprojects and develop a gender equality and social inclusion strategy.