BIFFL, Blue Mount Capital sign MoU for int'l green financing

Bangladesh Infrastructure Finance Fund Ltd (BIFFL) and Blue Mount Capital has recently signed a memorandum of understanding to collaborate on securing international financing for infrastructure and green technology projects in Bangladesh.

The BIFFL is a government-owned non-bank financial institution and BlueMount is an Australian-headquartered corporate finance house.

“Under the agreement, BlueMount Capital will work with BIFFL on corporate and commercial investment and financing channels,” says a statement yesterday.

“We are pleased with this initiative to broaden our inbound investment channels with an international corporate finance house such as BlueMount Capital,” said SM Formanul Islam, CEO of the BIFFL.

Saliba Sassine, chairman of BlueMount Capital, said the group was looking forward to working closely with the BIFFL and to promoting investment opportunities to international investment houses focused on emerging markets or energy and infrastructure opportunities.

“Bangladesh's location makes it a strategic bridge between South Asia and South East Asia,” said Sassine.