Bangladesh Bank gets $250m for infrastructure project

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The Bangladesh Bank has received $257m from the World Bank to support the Investment Promotion and Financing Facility (IPFF), a sweeping infrastructure development project that it oversees.

The loan, which was approved by the World Bank last week, will mature in 2050, with an additional ten year grace period. "The operation is expected to increase additional financing of infrastructure by over $400 million, leveraging about 100 private resources," the World Bank said.

Husne Ara Shikha, a joint d

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