| Project Detail |
To promote sustainable infrastructure projects in Bangladesh by providing mid to long-term financing to the private sector, thereby fostering sustainable economic growth. DESCRIPTION The proposed project is a non-sovereign-backed on-lending facility of up to USD50 million to Eastern Bank PLC (EBL) to finance multi-sector infrastructure and energy-efficient sub-projects in Bangladesh. EBL will use the loan proceeds from AIIB to extend financing to sub-borrowers involved in infrastructure development and energy-efficient activities across the country. EBL will be responsible for the origination, underwriting, and appraisal of the sub-borrowers, as well as monitoring of the sub-loans, and will assume the associated sub-borrower’s credit risk. |
