Master Facility Agreement Signing Ceremony for Investment Promotion and Financing Facility II (IPFF II) project between Bangladesh Bank (BB) and Midland Bank Limited (MDB) was held on 7th March 2018 at Conference Room of Bangladesh Bank, Head Office, Dhaka.
Mr. Ahmed Jamal, Deputy Governor of Bangladesh Bank & Project Director of IPFF II and Mr. Md. Ahsan-uz Zaman, Managing Director & CEO of Midland Bank signed the agreement on behalf of their respective organizations.
Under the agreement, Midland Bank will be able to provide finance for government approved infrastructure projects in longer term (up to 20 years) at lower cost both in BDT and USD, as a Participating Financial Institution of Bangladesh Bank. IPFF II is a low cost financing proposition funded by World Bank (WB) through International Development Authority (IDA). The fund will be facilitated by IPFF II project unit of Bangladesh Bank.
Md. Rathin Kumar Paul, DGM of Bangladesh Bank and Deputy Project Director of IPFF II, and Md. Zahid Hossain, SEVP & Head of Corporate Banking Division of Midland Bank were also present on the occasion along with other officials of both organizations.