Beijing, May 11, 2022

AIIB Signs USD200M On-lending Facility to Support Sustainable Infrastructure Development in Bangladesh

Work on infrastructure projects continues in Dhaka, Bangladesh.

The Asian Infrastructure Investment Bank (AIIB) and the Government of Bangladesh have signed a USD200-million on-lending facility to Infrastructure Development Co. Ltd (IDCOL) to finance infrastructure projects in Bangladesh, marking AIIB’s first investment through a financial institution into infrastructure in the country. IDCOL is a government-owned nonbanking financial institution established for infrastructure financing in Bangladesh. AIIB’s investment will provide IDCOL with financing that it will further onlend to private companies to support infrastructure projects.

The large infrastructure deficit in Bangladesh is one of the most critical development challenges facing the country. Bangladesh’s Perspective Plan 2041 highlights the need for an annual investment of USD10 billion in infrastructure over the next two decades. Despite the impressive development achievements, Bangladesh faces several development challenges that were exacerbated by the COVID-19 pandemic.

The project will support Bangladesh’s goal to bridge its infrastructure deficit and achieve sustainable growth, as highlighted by the government’s both short-term and long-term plans. The project will make long-term financing available for infrastructure subprojects in power generation, renewable and low-carbon electricity, information and communications technology infrastructure, cross-regional transportation and others, thereby enhancing economic activity and creating employment opportunities.

“By providing long-term financing to the private sector in Bangladesh, AIIB will promote infrastructure investment, help alleviate the funding constraints faced by private sponsors, and help mobilize private capital by attracting additional financing,” said AIIB Vice President, Investment Operations (Region 1) Urjit R. Patel. “This project also aligns with AIIB’s thematic priority to finance green infrastructure. Aside from further strengthening the partnership between AIIB and Bangladesh to promote sustainable infrastructure development, this will also help facilitate the country’s economic and financial recovery amid the pandemic.”

As of today, AIIB has approved 15 projects amounting to over USD2.8 billion in Bangladesh, in which more than half of the projects are focusing on energy, transport and water sector.

More information about the IDCOL Multi-Sector On-Lending Facility can be found here.

 

About AIIB

The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank whose mission is financing the Infrastructure for Tomorrow—infrastructure with sustainability at its core. We began operations in Beijing in January 2016 and have since grown to 105 approved members worldwide. We are capitalized at USD100 billion and Triple-A-rated by the major international credit rating agencies. Collaborating with partners, AIIB meets clients’ needs by unlocking new capital and investing in infrastructure that is green, technology-enabled and promotes regional connectivity.

Logos for Download

Our logo is available in JPEG and PDF format.

DOWNLOAD


Media Contact

Lingxiao He

Press Officer

+86 10 8358 0683

SEND AN EMAIL

More News Articles

Beijing, March 22, 2023

AIIB President Jin Liqun meets with World Bank President nominee Ajay Banga

Today the President of the Asian Infrastructure Investment Bank, Jin Liqun, welcomed to AIIB headquarters in Beijing the United States’ nominee for World Bank Group President, Ajay Banga.

READ MORE

Beijing, March 08, 2023

AIIB Partners With SWEEF in Financing Women’s Economic Empowerment Across Southeast Asia

The Asian Infrastructure Investment Bank (AIIB) has partnered with the Southeast Asia Women’s Economic Empowerment Fund (SWEEF) to finance small and medium-sized enterprises (SMEs) in Southeast Asia. Agreements were signed last week with AIIB committing up to USD10 million to the fund.

READ MORE

Beijing, February 13, 2023

AIIB-Host Country Engagement Workshop Held in Beijing

The Asian Infrastructure Investment Bank (AIIB) hosted its Second AIIB-Host Country Engagement Workshop at the AIIB Headquarters in Beijing on Feb. 9, 2023. Opening remarks were given by AIIB President and Chair of the Board Jin Liqun and Wang Dongwei, China’s Vice Minister of Finance and AIIB Alternate Governor for China. Representatives from China’s central government, provincial governments, financial institutions, corporations and associations from China attended the workshop.

READ MORE

Beijing, February 09, 2023

AIIB Inaugural 5-Year EUR Sustainable Development Bond Receives Strong Market Support

Following outings in the GBP and USD market in January, the Asian Infrastructure Investment Bank (AIIB) issued its debut benchmark EUR Sustainable Development Bond on Feb. 7, 2023. The 5-year EUR1.5 billion issue attracted strong interest from high-quality investors around the globe.

READ MORE

Home News and Insights Media Center News AIIB Signs USD200M On-lending Facility to Support Sustainable Infrastructure Development in Bangladesh