Bangladesh Infrastructure Finance Fund Limited (BIFFL) is a Government-owned Non-

Banking Financial Institution, operating since 2011. It is established by a resolution of the Cabinet of
the Government of Bangladesh and owned by the Ministry of Finance. BIFFL is the largest NBFI
operating in the country in terms of capital base with BDT 19.40 billion paid up.

BIFFL has a strong mandate to invest in the large infrastructure projects of Bangladesh, including
power & energy, ports, connectivity, tourism and economic zones. It also wants to ensure a

greener Bangladesh by investing in sustainable development projects with emphasis on renewable

energy, energy efficiency and eco-friendly projects. BIFFL is working relentlessly to supplement
government’s vision of achieving middle income status of the country by 2021.

Background

Bangladesh is an emerging economy. It has enormous potential to be a developed country. However,

lack of infrastructure is holding it back from growing rapidly. So, investing in infrastructure is not
only a business deal or opportunity, but also a national call that we cannot deny. Our coordinated
approach can ensure economic growth of the country which will eventually raise the standard of
living and quality of life for all.

Bangladesh Infrastructure Finance Fund Limited (BIFFL) is a Government-owned Non-Banking

Financial Institution, operating since 2011. It was established to address the importance and urgency
of investing in the infrastructures of the country. Ministry of Finance is the key shareholder of the
company. Memorandum of the company allows to include private partners later on.

BIFFL envisages attracting private investment from local & foreign investors and to invest in
companies that are implementing infrastructure projects in Bangladesh. BIFFL is also committed to
protect environment. Green economy and eco-friendly measures are our foremost priority while
considering any investment deal

Vision, Mission & Strategic Priorities

Vision

Acceleration of economic growth by leveraging relative strengths of Public and Private Sector through
financing Infrastructure Projects.

Mission

 To perform as a professional Financial Institution by adopting the internationally accepted best

practices and maintaining highest level of moral and ethical standards.

 To promote Country's economic development by facilitating and encouraging Private Sector

Investment in all infrastructure projects.

 To support sustainable economic growth of Bangladesh through facilitating Infrastructure

Development.
Goal

 To provide long-term finance to critically important infrastructure projects.

 To catalyze co-financing from private financial sources.

 To provide a unique vehicle for capital market development by exploring a number of avenues
to capture domestic and foreign investment within the contexts of a robustly designed and well-
governed investment vehicle.

Objectives

 To promote, encourage and finance Private Sector Investment in all infrastructure sector.

 To extend financing facilities for the infrastructure projects in the form of debt or equity.

 To attract private investment in long term infrastructure projects: overcoming the asset liability
mismatch of existing bank finance

 To create funds, sub-funds, including Islamic Funds, and any other type of Funds as deemed
appropriate by the Company.

Strategic Priorities

 To develop, finance & monitor and implement infrastructure projects

 To focus on recruitment and retention of skilled, honest, creative and talented manpower

 To ensure transparency, accountability, fairness in operation and zero tolerance on corruption

and sexual harassment

 To maximize shareholder equity by maintaining asset quality with balanced and sustainable
growth

 To enhance brand image through excellent customer service, CSR activities and finance in green
& energy efficient projects

Date Achievement

First disbursement made to a Connectivity Project (First Dhaka Elevated

10 December 2015
Expressway). This is also the First disbursement in a PPP Project.

First disbursement made to an Economic Zone (Sreehatta Economic

19 October 2015
Zone).

Mr. S.M. Formanul Islam joins as the second full-time Executive Director
01 June 2015
& CEO of BIFFL.
 02 March 2015 First disbursement made to a Brick Project (ARB Enterprise)

First disbursement made to a Power Project (Sinha People’s Energy

06 August 2014
Limited).

BIFFL signs participation agreement with Bangladesh Bank to participate

03 June 2014
in the ‘’Financing Brick Kiln Efficiency Improvement Project’’.

BIFFL signs participation agreement with Bangladesh Bank to participate

10 October 2013 in the ‘’Refinance Scheme for Renewable Energy & Environment
Friendly Financeable Sector’’.

Ministry of Finance nominates the dignitaries for the formation of an 11-

25 June 2012
member Advisory Board for BIFFL.

Mr. Md. Atiquzzaman joins as the first full-time Executive Director & CEO
01 February 2012
of BIFFL.

The first meeting of the BoD held at the Finance Division, Ministry of
20 April 2011
Finance, and Bangladesh Secretariat.

Ministry of Finance approves the formation of the 8-member Board of

12 April 2011
Directors for BIFFL.

16 October 2011 Obtained license from Bangladesh Bank.

Incorporation of the company with highest paid up capital in the business

11 March 2011
history of the country (BDT 16.0 billion/USD 200 million).

Cabinet meeting approves the formation of BIFFL, its Memorandum of

29 July 2010
Association and Article of Association.

Advisory Board


Formation of Advisory Board:

In Accordance with Article-134 & 135 of the Article of Association, a Ten Members Advisory Board of
BIFFL has been formed, which is to be an apex body.
The responsibility of Advisory Board is:
 to provide guidelines and strategy to the Company for formulation of national policies, their approval &
supervision;
 to give directions, supervise and monitor implementation with a view to updating and implementing the
Company and Government's goals for Infrastructure development;

Board of Directors

The Board of Directors of BIFFL comprises 7 Senior Government Officials and a full-time Executive
Director & CEO appointed from Private Sector.

The present Board of Directors comprises the following: