Bangladesh Infrastructure Finance Fund Limited (BIFFL) has recently signed a Participation Agreement with BRAC Bank PLC (BBPLC) to facilitate financing for the food processing sector in Bangladesh. Under this agreement, BIFFL will provide BDT 125 crore to BRAC Bank PLC for on lending to small and medium enterprises (SMEs) engaged in food processing activities.

The agreement has been executed under the Japan International Cooperation Agency (JICA)-funded Food Value Chain Improvement Project (FVCIP), which aims to strengthen Bangladesh’s food value chain by improving access to finance and providing technical assistance to enterprises across the sector.

Through this partnership, BIFFL and BRAC Bank PLC will jointly support the growth and development of SME food processing industries, enhancing their productivity, competitiveness, and compliance with quality standards. The initiative is expected to contribute to increased value addition, reduced post-harvest losses, and improved food security in Bangladesh.

The signing ceremony was attended by Mr. S. M. Anisuzzaman, CEO, BIFFL, Mr. Tareq Refat Ullah Khan, MD & CEO, BRAC Bank PLC and other senior officials from both organizations. The collaboration reflects a shared commitment to fostering sustainable economic growth and strengthening the agri-food ecosystem in the country.

This initiative marks another important step in BIFFL’s ongoing efforts to channel development finance into priority sectors and support inclusive industrial growth in Bangladesh.