Infrastructure Investment Facilitation Company (IIFC)

Infrastructure Investment Facilitation Company (IIFC) is an advisory body of the Government of Bangladesh under the Economic Relations Division (ERD) of the Ministry of Finance. IIFC was established to facilitate private sector investment in infrastructure of Bangladesh. IIFC was incorporated in 1999 as a company limited by guarantee under the Companies Act 1994. It became operational in January 2000. IIFC's objective is to promote and facilitate infrastructure projects in the country through Public-Private Partnership (PPP). The company has a seven-member Board of Directors. The overall policy making decisions of IIFC are vested with the Board of Directors. The Board comprises of the members who have a proven outstanding professional career record with high-level management capabilities. Three directors are from government; three from private sector and the Managing Director is an ex-officio member of the Board. Secretary, ERD, is the Chairman of the Board. While the Board of Directors provide broad policy guidelines, the company runs with freedom, in day-to-day operations, to sign contracts and deliver services to clients on a commercial basis