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Bangladesh Investment Promotion and Financing Facility Project II (IPFF II)

Abstract*

The development objective of the Second Investment Promotion and Financing Facility Project for Bangladesh is to increase long term financing for infrastructure and to build capacity of the local financial institutions for promoting private sector‐led infrastructure financing in Bangladesh. The Project has two main components. The first component,long‐term infrastructure financing will be to continue the back‐to‐back on lending facility along the ... Show More

Development Objective

The PDO is to increase long-term financing for infrastructure and to build capacity of the local financial institutions for promoting private sector-led infrastructure financing in Bangladesh.

Key Details

Project Details

Project ID
P159429
Status
Closed
Team Leader
Suhail Kassim
Borrower 2
PEOPLE’S REPUBLIC OF BANGLADESH

Country
Bangladesh
Disclosure Date
September 9, 2016
Approval Date
(as of board presentation)
April 5, 2017
Effective Date
January 22, 2018

Total Project Cost 1
US$ 416.70 million
Implementing Agency
Bangladesh Bank
Region
South Asia
Fiscal Year 3
2017

Commitment Amount
US$ 321.00 million
Environmental Category
F
Environmental and Social Risk
Not Applicable
Closing Date
April 30, 2024

Consultant Services required
No
Last Stage Reached
BANK APPROVED
Last Update Date
April 28, 2024

Notes
1. Total project cost includes funding from World Bank and non-bank sources in US$ millions. Active and Closed projects show current commitments. Proposed (pipeline) and dropped projects show the forecast amount. The commitment amount for projects in the pipeline is indicative and may be modified during the project preparation.
2. Borrower refers to the Borrower of a Loan or Recipient of a Grant.
3. ”Fiscal Year” is the fiscal year in which the project was approved (or dropped if the status is dropped). The World Bank's fiscal year is from July 1 - June 30. For example, a fiscal year of 1996 corresponds to July 1, 1995 - June 30, 1996.

Sectors

Themes

FY17 - Environment and Natural Resource Management

FY17 - Climate change4%
- FY17 - Mitigation4%

FY17 - Finance

FY17 - Finance for Development100%
- FY17 - Infrastructure Finance100%

FY17 - Private Sector Development

FY17 - Public Private Partnerships3%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
IDA Credit	321.00
Borrower/Recipient	60.00

Total Project Financing (US$ Millions)

Product Line	IBRD/IDA
IBRD Commitment	N/A
IDA Commitment	321.00
IBRD + IDA Commitment	321.00

Lending Instrument
Grant Amount	N/A
Total Project Cost**	416.70

Summary Status of World Bank Financing (US$ Millions) as of September 30, 2025

No data available.

Detailed Financial Activity as of September 30, 2025

Download:

Period	Financier	Transaction Type	Amount (US$)
Aug 30, 2023	IDA-60050	Loan Disb	6,469,955.50
May 30, 2023	IDA-60040	Loan Disb	12,176,106.00
Mar 31, 2022	IDA-60050	Loan Disb	21,786,798.00
May 1, 2022	IDA-60050	Int Charges	3,429.36
May 1, 2022	IDA-60050	Int Charges	3,429.36
May 1, 2022	IDA-60050	Int Charges	411,918.06
May 1, 2022	IDA-60050	Int Charges	411,918.06
May 1, 2022	IDA-60040	Int Charges	73,490.07
May 1, 2022	IDA-60040	Int Charges	561,794.20
Apr 5, 2022	IDA-60040	Loan Disb	8,155,954.50
May 1, 2021	IDA-60050	Int Charges	2,389.16
May 1, 2021	IDA-60040	Int Charges	99,621.45
May 1, 2021	IDA-60040	Int Charges	478,849.70
Apr 5, 2017	IDA-60040	Loan Commitment	100,000,000.00
Apr 5, 2017	IDA-60050	Loan Commitment	256,700,000.00
Dec 13, 2023	IDA-60040	Loan Disb	12,004,495.00
Dec 8, 2023	IDA-60050	Loan Disb	8,378,900.00
Nov 1, 2023	IDA-60040	Int Charges	43,164.93
Nov 1, 2023	IDA-60040	Int Charges	13,042.82
Nov 1, 2023	IDA-60040	Int Charges	914,665.50
Nov 1, 2023	IDA-60050	Int Charges	47,163.98
Nov 1, 2023	IDA-60050	Int Charges	47,163.98
Nov 1, 2023	IDA-60050	Loan Repay	2,317,825.80
Nov 1, 2023	IDA-60050	Int Charges	477,345.22
Nov 1, 2023	IDA-60050	Int Charges	477,345.22
Mar 18, 2024	IDA-60040	Loan Disb	14,084,637.00
May 1, 2024	IDA-60040	Int Charges	15,838.59
May 1, 2024	IDA-60040	Int Charges	21,774.15
May 1, 2024	IDA-60040	Int Charges	1,141,228.10
May 1, 2024	IDA-60050	Int Charges	514,240.70
May 1, 2024	IDA-60050	Int Charges	514,240.70
May 1, 2024	IDA-60050	Loan Repay	2,282,407.50
May 1, 2024	IDA-60050	Loan Repay	45,421.79
Mar 13, 2024	IDA-60050	Loan Disb	3,067,553.20
Apr 28, 2024	IDA-60040	Loan Cancel	4,393,059.50
Apr 28, 2024	IDA-60050	Loan Cancel	3,281,609.20
Nov 1, 2022	IDA-60040	Int Charges	632,362.80
Nov 1, 2022	IDA-60050	Int Charges	1,388.18
Nov 1, 2022	IDA-60050	Int Charges	1,388.18
Nov 1, 2022	IDA-60050	Int Charges	458,756.25
Nov 1, 2022	IDA-60050	Int Charges	458,756.25
May 8, 2018	IDA-60040	Loan Disb	2,781,269.20
May 4, 2018	IDA-60050	Loan Disb	8,200,000.00
May 1, 2018	IDA-60040	Int Charges	90,821.16
May 1, 2018	IDA-60040	Int Charges	2,225.31
Nov 1, 2019	IDA-60040	Int Charges	122,201.27
Nov 1, 2019	IDA-60040	Int Charges	117,682.72
Nov 1, 2019	IDA-60050	Int Charges	150.41
Nov 1, 2019	IDA-60050	Int Charges	150.41
Nov 1, 2019	IDA-60050	Int Charges	82,056.02
Nov 1, 2019	IDA-60050	Int Charges	82,056.02
Dec 6, 2019	IDA-60050	Loan Disb	24,450,640.00
Dec 9, 2019	IDA-60040	Loan Disb	9,234,349.00
Nov 1, 2018	IDA-60040	Int Charges	40,288.68
Nov 1, 2018	IDA-60050	Int Charges	29,288.36
Nov 1, 2018	IDA-60050	Int Charges	29,288.36
Nov 1, 2018	IDA-60040	Int Charges	131,720.60
May 1, 2019	IDA-60040	Int Charges	127,916.32
May 1, 2019	IDA-60040	Int Charges	41,270.15
May 1, 2019	IDA-60050	Int Charges	322.23
May 1, 2019	IDA-60050	Int Charges	322.23
Jun 27, 2019	IDA-60050	Loan Disb	20,765,646.00
May 1, 2019	IDA-60050	Int Charges	29,491.33
May 1, 2019	IDA-60050	Int Charges	29,491.33
Jul 1, 2019	IDA-60040	Loan Disb	8,214,426.50
Jan 22, 2018	IDA-60040	Loan Disb	289,229.80
Jan 22, 2018	IDA-60040	Fee Charges	289,229.80
Jun 25, 2021	IDA-60050	Loan Disb	28,800,000.00
Nov 1, 2021	IDA-60050	Int Charges	389,390.06
Nov 1, 2021	IDA-60050	Int Charges	389,390.06
Nov 1, 2021	IDA-60050	Int Charges	160.72
Nov 1, 2021	IDA-60050	Int Charges	160.72
Nov 1, 2021	IDA-60040	Int Charges	87,855.51
Nov 1, 2021	IDA-60040	Int Charges	562,947.75
Nov 1, 2020	IDA-60040	Int Charges	101,917.00
Nov 1, 2020	IDA-60040	Int Charges	414,537.78
Jun 30, 2021	IDA-60040	Loan Disb	11,182,130.00
May 1, 2021	IDA-60050	Int Charges	318,137.94
May 1, 2021	IDA-60050	Int Charges	318,137.94
May 1, 2021	IDA-60050	Int Charges	2,389.16
May 1, 2020	IDA-60040	Int Charges	106,561.95
May 1, 2020	IDA-60040	Int Charges	256,685.10
May 1, 2020	IDA-60050	Int Charges	696.24
May 1, 2020	IDA-60050	Int Charges	696.24
May 1, 2020	IDA-60050	Int Charges	179,483.98
May 1, 2020	IDA-60050	Int Charges	179,483.98
Jun 25, 2020	IDA-60040	Loan Disb	10,821,364.00
Jun 22, 2020	IDA-60050	Loan Disb	29,100,916.00
Nov 1, 2020	IDA-60050	Int Charges	526.34
Nov 1, 2020	IDA-60050	Int Charges	526.34
Nov 1, 2020	IDA-60050	Int Charges	282,888.75
Nov 1, 2020	IDA-60050	Int Charges	282,888.75
Nov 1, 2022	IDA-60040	Int Charges	13,891.19
Nov 1, 2022	IDA-60040	Int Charges	62,294.02
Apr 5, 2023	IDA-60040	Loan Disb	7,198,484.50
Mar 14, 2023	IDA-60050	Loan Cancel	100,554,144.00
May 1, 2023	IDA-60050	Int Charges	436,476.40
May 1, 2023	IDA-60050	Int Charges	436,476.40
May 1, 2023	IDA-60050	Loan Repay	5,797.85
May 1, 2023	IDA-60050	Loan Repay	1,898,503.20
May 1, 2023	IDA-60050	Loan Repay	2,090,277.00
May 1, 2023	IDA-60040	Int Charges	66,602.76
May 1, 2023	IDA-60040	Int Charges	701,903.06
Mar 31, 2023	IDA-60050	Loan Disb	4,189,444.50
Sep 5, 2023	IDA-60040	Loan Disb	3,943,680.00

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Counterpart Funding	Satisfactory	2023-09-19
Progress towards achievement of PDO	Moderately Satisfactory	2023-09-19
Procurement	Satisfactory	2023-09-19
Financial Management	Satisfactory	2023-09-19
Monitoring and Evaluation	Satisfactory	2023-09-19
Overall Implementation Progress (IP)	Moderately Satisfactory	2023-09-19
Project Management	Satisfactory	2023-09-19

COMPLETION RATINGS

INDICATOR	IMPLEMENTATION COMPLETION & RESULTS REPORT: 03-04-2025
Outcomes
Risk to Development Outcome
Bank Performance
Borrower Performance
Government Performance
Implementing Agency

INDEPENDENT EVALUATION RATINGS

INDICATOR	ICR REVIEW: 09-02-2025	PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome Rating	Moderately Satisfactory	N/a
Risk To Development Outcome		N/a
Bank Performance	Moderately Satisfactory	N/a
Borrower Performance		N/a
Government Performance		N/a
Implementing Agency		N/a
Icr Quality	Substantial	N/a
M&e Quality	Substantial	N/a

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Equity investments from private sector entrepreneurs under IPFF II Value 0.00 316070000.00 15000000.00
Date June 30, 2017 August 31, 2023
Comment
Long term debt financing for infrastructure under IPFF II Value 0.00 213374767.00 0.00
Date June 30, 2017 August 31, 2023
Comment
Total investments in infrastructure under IPFF II Value 0.00 630730000.00 100000000.00
Date June 30, 2017 August 31, 2023
Comment
Private Capital Mobilized Value 0.00 417350000.00 50000000.00
Date June 30, 2017 August 31, 2023
Comment

INTERMEDIATE RESULTS INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Financing volumes through innovative financial instruments deployed for financing of infrastructure Value 0.00 0.00 10000000.00
Date June 30, 2017 August 31, 2023
Comment

The capacity of financial institutions participating in IPFF II to undertake financial analysis of infrastructure projects is strengthened - number of staff trained	Value	0.00	150.00	80.00
	Date	June 30, 2017	August 31, 2023
	Comment

At least 20 domestic financial institutions use IPFF II credit line Value 0.00 21.00 5.00
Date June 30, 2017 August 31, 2023
Comment
Environmental assessments are undertaken for all infrastructure projects financed under the facility in coordination with the DoE Value 0.00 100.00 100.00
Date June 30, 2017 August 31, 2023
Comment
Female beneficiaries from IPFF II Value 0.00 4431.00 30.00
Date June 30, 2017 August 31, 2023
Comment
E&S capacity developed; staff trained Value 0.00 183.00 100.00
Date June 30, 2017 August 31, 2023
Comment
Affected citizens' satisfaction with infrastructure subprojects Value 0.00 65.00 75.00
Date June 30, 2017 August 31, 2023
Comment
PFIs maintain eligibility criteria Value 0.00 100.00 100.00
Date June 30, 2017 August 31, 2023
Comment
Jobs supported by IPFF II Value 0.00 22434.00 0.00
Date June 30, 2017 August 31, 2023
Comment

Private Capital Mobilized	Value	0.00	417350000.00	50000000.00
	Date	June 30, 2017	August 31, 2023
	Comment

Female beneficiaries from IPFF II	Value	0.00	4431.00	30.00
	Date	June 30, 2017	August 31, 2023
	Comment

E&S capacity developed; staff trained	Value	0.00	183.00	100.00
	Date	June 30, 2017	August 31, 2023
	Comment

PFIs maintain eligibility criteria	Value	0.00	100.00	100.00
	Date	June 30, 2017	August 31, 2023
	Comment

Jobs supported by IPFF II	Value	0.00	22434.00	0.00
	Date	June 30, 2017	August 31, 2023
	Comment