What does IDBL mean in DEVELOPMENT
IDBL is an acronym that stands for Infrastructure Development Bank Limited. It is a specialized financial institution in Bangladesh dedicated to providing financial and technical support for infrastructure development projects.
IDBL meaning in Development in Community
IDBL mostly used in an acronym Development in Category Community that means Infrastructure Development Bank Limited
Shorthand: IDBL,
Full Form: Infrastructure Development Bank Limited
For more information of "Infrastructure Development Bank Limited", see the section below.
» Community » Development
Functions of IDBL
- Provides long-term loans and equity financing for infrastructure projects.
- Conducts feasibility studies, project appraisals, and due diligence.
- Arranges project finance and mobilizes resources from local and international sources.
- Provides advisory services and technical assistance to project sponsors.
Role in Infrastructure Development
IDBL plays a crucial role in promoting and facilitating the development of essential infrastructure in Bangladesh. It has financed and supported numerous infrastructure projects, including:
- Power plants
- Roads and bridges
- Port facilities
- Telecommunication networks
- Industrial parks
Impact on Economic Growth
By providing financing and support for infrastructure development, IDBL contributes significantly to economic growth and development. Adequate infrastructure is vital for attracting investment, facilitating trade, and improving the overall quality of life.
Essential Questions and Answers on Infrastructure Development Bank Limited in "COMMUNITY»DEVELOPMENT"
What is Infrastructure Development Bank Limited (IDBL)?
IDBL is a government-owned development financial institution in Bangladesh. It provides financial assistance to infrastructure projects in the country.
What are the main objectives of IDBL?
IDBL's primary objectives are to:
- Support private sector infrastructure development
- Promote economic growth and poverty reduction
- Facilitate job creation and improve living standards
- Enhance Bangladesh's infrastructure network
What types of infrastructure projects does IDBL finance?
IDBL provides funding for a wide range of infrastructure projects, including:
- Energy (power generation and distribution)
- Transportation (roads, bridges, railways)
- Water and sanitation
- Telecommunications
- Industrial parks and economic zones
What are the eligibility criteria for IDBL financing?
To be eligible for IDBL financing, projects must:
- Be commercially viable and financially sound
- Have a positive impact on economic development
- Be environmentally sustainable
- Comply with all applicable laws and regulations
What is the application process for IDBL financing?
The application process for IDBL financing involves:
- Submission of a detailed project proposal
- Due diligence and evaluation by IDBL
- Negotiation and signing of a loan agreement
What are the interest rates and loan terms offered by IDBL?
Interest rates and loan terms vary depending on the project, its risk profile, and the prevailing market conditions. IDBL typically offers competitive rates and flexible repayment schedules.
How does IDBL monitor and evaluate financed projects?
IDBL monitors and evaluates financed projects regularly to ensure compliance with loan agreements and alignment with its development objectives. This includes:
- Site visits and progress reports
- Financial audits and reviews
- Environmental and social impact assessments
Final Words: IDBL is a key player in the infrastructure development landscape of Bangladesh. Its specialized expertise and financial support have enabled the country to undertake and complete vital infrastructure projects that have transformed the economy and improved the lives of citizens.
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