ADMINISTRATION ARRANGEMENT WITH INTERNATIONAL FINANCE CORPORATION FOR BANGLADESH INVESTMENT CLIMATE FUND PROJECT

The purpose of Bangladesh Investment Climate Fund 2 BICF2 is to reduce poverty in Bangladesh by catalysing private sector investments and creating jobs through an integrated investment climate reform programme. BICF2 will help the Government of Bangladesh to modernise and reform key elements of the regulatory framework improve private sector access to industrial land energy and infrastructure and enhance export diversification and sector competitiveness in three sectors. BICF 2 aims to strengthen investment climate and hence reduce poverty in Bangladesh through sustained pro poor economic growth. This will contribute to the creation of 50 000 additional formal jobs at least 40 percent of which will be for women £325 million of additional private sector investments businesses saving £164 million from reduced compliance costs through improvements in the regulatory environment and four special economic zones becoming fully operational