Bangladesh Investment Promotion and Financing Facility Project II (IPFF II) (WB-P159429)

Countries
  • Bangladesh
Where the impacts of the investment may be experienced.
Financial Institutions
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
FI
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Apr 5, 2017
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Government of Bangladesh
The holder of the loan, grant, or other investment.
Sectors
  • Energy
  • Finance
  • Transport
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 356.70 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 416.70 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ WB website

Updated in EWS Nov 14, 2017

Disclosed by Bank Aug 25, 2016


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Project Description
The stated objective of this project is to: "increase the provision for long-term financing for infrastructure and to build capacity for infrastructure finance to promote private sector-led infrastructure development in Bangladesh." Sub-projects may be funded and implemented nationwide. Since exact locations and/or expected environmental and social footprint of the sub-projects are not fully known at this stage (and will not be known until specific proposals are received from the client), a framework approach will be adopted for the project, building on the success and lessons learned from IPFF I. All sub-projects are expected to constitute private sector activities and are executed through PFIs, which are commercial private sector financial institutions. In addition, IFC may co-finance some of the sub-projects.
Investment Description
  • World Bank (WB)
Contact Information
World Bank A.K.M. Abdullah Senior Financial Sector Specialist Marius Vismantas Lead Financial Sector Specialist Borrower/Client/Recipient Ministry of Finance Md. Habibur Rahman The World Bank Bangladesh Investment Promotion and Financing Facility Project II (IPFF II) (P159429) Dec 28, 2016 Page 9 of 9 Joint Secretary Habiburr1@finance.gov.bd Implementing Agencies Bangladesh Bank Rathin Kumar Paul Deputy general Manager ACCOUNTABILITY MECHANISM OF WORLD BANK The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. You can learn more about the Inspection Panel and how to file a complaint at: http://ewebapps.worldbank.org/apps/ip/Pages/Home.aspx.