Technical Support >> IIFC

Recognizing IIFC’s role in the formulation and drafting stage of the Guidelines, IIFC was engaged by PICOM as the Technical Advisor. Bangladesh Bank established the Investment Promotion and Financing Facility (IPFF) fund to support Private Infrastructure and PICOM and engaged IIFC through a Technical Services Agreement (TSA) on 26 December 2006 for the implementation of IPFF project for support to PICOM as follows:

	Preparing Business Plan for PICOM
	Creating Awareness about the Guidelines
	Capacity Building
	Policy and Regulatory Support

Under this agreement IIFC has been:

	assisting PICOM for implementation of the Guidelines and for regulatory reforms
	helping Bangladesh Bank in the eligibility review of infrastructure projects submitted for IPFF financing
	managing the selection and supervision of consultants to carry out environmental impact assessments.

The Line Ministry or Executing Agency, which requires services of consultants for Private Infrastructure Projects, may seek assistance from IIFC for technical support. They may also use IIFC for procuring and managing foreign consultants in Large Infrastructure Projects or acting as a Project implementation/management unit. The arrangements with IIFC shall be on a commercial basis, either through consultant fees, success fees or a combination of the two, as mutually agreed.