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Bangladesh Infrastructure Finance Fund Limited About BIFFL: 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, GOB.

Bangladesh Infrastructure Finance Fund Limited (BIFFL) is the biggest Non-Banking Financial Institution in Bangladesh owned by Government having authorized capital and paid up capital of BDT 100 billion and BDT 20.10 billion respectively. Addressing the importance of infrastructure development vis-à-vis insufficient investment in that particular sector, with a view to promote an attractive environment for sustainable private investment.

As a part of this, BIFFL was established in 2011 as a special purpose vehicle to mobilize the PPP budget through financing infrastructure projects building partnership with private sector investors.

Apart from that, to uphold sustainable development, BIFFL is also committed to protect environment and adopt eco-friendly measures in all aspects which are of its foremost priority while considering any investment transaction.

CEO Profile:

S. M. FORMANUL ISLAM EXECUTIVE DIRECTOR & CEO S. M. Formanul Islam, a Lee Kuan Yew Fellow from Bangladesh did his Master in Public Management (MPM) from the National University of Singapore offered jointly with Harvard Kennedy School of Government in 2014. Earlier, he completed his Master of Laws (LL.M) from Bond University, Australia in 2000, and Bachelor of Laws (LL.B) from The University of Calcutta, India in 1998.

Since June 2015, he has been working with Bangladesh Infrastructure Finance Fund Limited (BIFFL) as the Executive Director and CEO. BIFFL is the largest non-bank financial institution in Bangladesh (in terms of paid in capital) owned by the Ministry of Finance of Bangladesh. The organization is a leading financier of infrastructure projects in Bangladesh. Before joining BIFFL, he worked as the Deputy CEO at Infrastructure Development Company Limited (IDCOL), another non-bank financial institution owned by the Government of Bangladesh. Mr. Islam has undertaken several trainings home and abroad on Project Finance and Implementation of Renewable Energy Programs from globally reputed institutions i.e. Institute of Public Private Partnership (IP3), U.S.A, International Development Law Organization (IDLO), Rome, Italy etc. He is a regular faculty of Project Finance training courses conducted by IDCOL as well as BIFFL.

Mr. Islam trained Government Officials on “Legal Aspects of Negotiation” and “Negotiation of BOO and BOT Projects” in training courses organized by the Planning and Development Academy of Bangladesh. He also taught Alternative Dispute Resolution (ADR), as a part-time Assistant Professor, at BRAC Law School in fall semesters for several years.

He had assisted Dr. M Fouzul Kabir Khan, former Secretary, Power Division of Bangladesh and Mr. Robert J Parra, Director PricewaterhouseCoopers Security LLC in writing their book “Financing Large Infrastructure Projects” which has been published by Prentice Hall Inc., Singapore and, later on, translated in Chinese. In addition to assisting in their research, he had edited the book. Before Joining IDCOL, he worked with Price water house Coopers Securities LLC for one and half years as an adviser when they were acting as the Investment Adviser to IDCOL.

He also worked as a researcher at Bangladesh Legal Aid and Services Trust and Madaripur Legal Aid Association, two leading legal service and human rights organizations in Bangladesh.

LOAN PRODUCTS

1.	Term Loan

2.	Working capital loan

3.	Bridge financing

4.	Factoring

5.	Take over financing

6.	Take out financing

7.	Lease financing

8.	Bond financing

9.	Commercial paper/instrument

Category:Company Category:Infrastructure Finance Fund