Bangladesh Infrastructure Development Fund (BIDF) was established in 2021 to fund development projects in Bangladesh that have a large impact on economic growth. Based on the size of current foreign reserves, the Fund could deploy about US$ 2 billion per year for development projects. The Fund’s creation comes at a time of historically large foreign exchange reserves, largely due to increased remittance inflows and lower imports due to the covid pandemic. It is operated by state-owned bank Sonali Bank.