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Bangladesh National Citizen Wealth Fund (proposed)

Bangladesh · Asia · Proposed or pipeline fund · Not an IFSWF member

ProposedReport a correction
Focus

proposed: what it invests in

Infrastructure and utilitiesTransport and logistics
Infrastructure

Geography Mainly domestic

Scale

proposed: how big it is, and on what basis

Not created
Announced target, not current assetsAs of
Transparency

proposed: what it publishes

0.0 of 10 Band 1 of 5

Published 0 · Partly 0 · Not published 10

Our 10 item score. It measures what is public, not how well a fund is run.

2017 planS1
USD 10B (Set aside June 2022)
As of
BIDF yearly targetS1
USD 2B (Set up March 2021)
As of
Hong Kong equity fundS2
USD 2.0B (Announced Aug 2026)
As of
StatusS1
No fund
As of

At a glance. Bangladesh has no national citizen wealth fund. A 2017 plan for a USD 10 billion reserve-backed sovereign wealth fund was set aside by the Cabinet in June 2022, as the Bangladesh Infrastructure Development Fund already used reserves for projects. In August 2026 the finance minister announced a separate USD 2.0 billion equity fund in Hong Kong. S1 S2

Key points

  • No fund exists or has been announced under the citizen wealth fund name. S1 S2
  • A USD 10 billion reserve-backed fund was planned in 2017 to finance large projects. S1
  • The Cabinet withdrew the proposed law on 20 June 2022. S1
  • The Bangladesh Infrastructure Development Fund, set up in March 2021, has a USD 2 billion yearly investment target. S1
  • A USD 2.0 billion Bangladesh-dedicated equity fund in Hong Kong was announced in August 2026. S2

Interesting facts

  • The 2017 plan treated reserves held at low rates abroad as capital for projects such as the Padma Bridge. S1
  • A first USD 2 billion fund under the Finance Ministry was set up before the plan was dropped. S1
  • The Hong Kong fund would provide equity, not loans, so it adds no direct government debt. S2

Mandate and goals

No mandate exists. The earlier plan aimed to fund large infrastructure in foreign currency; the 2026 Hong Kong fund aims to widen access to international equity capital. S1 S2

  • Diversify financing and reduce reliance on conventional borrowing (Hong Kong fund). S2

How it invests

IndustriesInfrastructure and utilities, Transport and logistics S1
Asset classesInfrastructure S1
StagesInfrastructure S1
GeographyMainly domestic. Domestic projects S1
Direct / through funds / co-investNo / No / No S1
Ticket sizeNot operating S1
External managersNot applicable S1
Co-investment programmeNone S1

Past investments

The fund has not published a list of investments.

Investment process

The Cabinet decided in 2022 that a new fund was not needed because the BIDF already handled reserve-funded project finance. S1

  1. 2017 plan approved in principle. S1
  2. Proposed law withdrawn in 2022. S1
  3. Separate equity fund announced in 2026. S2

How to approach: No approach route; no fund exists under this name. S2

Size and returns

  • Headline size: Not created (Announced target, not current assets, as of 2022-06-20) S1
  • Announced Hong Kong equity fund: USD 2.0B (Announced target, not current assets, as of 2026-08-22) S2
  • Returns: the fund does not publish a return figure.

Leadership

NameTitle
Amir Khosru Mahmud ChowdhuryFinance and Planning Minister S2

Governance and transparency

  • Legal basis: None; the proposed law was withdrawn in June 2022 S1
  • Oversight: Ministry of Finance S1
  • Auditor: Not applicable S1
  • Not an IFSWF member. S3

Transparency score: 0 of 10 (band 1 of 5). Our own 10-item rubric; see the methodology page.

  • Not published: total assets, annual return, long-term returns, asset allocation, geographic or sector split, holdings or deal list, audited financial statements, governance and mandate documents, named leadership, regular reporting schedule. S1

History

DateEvent
2017USD 10 billion reserve-backed fund planned. S1
2021-03Bangladesh Infrastructure Development Fund set up. S1
2022-06-20Cabinet withdraws the sovereign wealth fund bill. S1
2026-08-22USD 2.0 billion Hong Kong equity fund announced. S2

For family offices

No wealth fund operates; the planned Hong Kong equity fund is the main new channel for outside equity into Bangladesh. S2

Common questions

Does Bangladesh have a sovereign wealth fund?

No. A reserve-backed plan was set aside in 2022. S1

What replaced it?

The Bangladesh Infrastructure Development Fund, set up in March 2021. S1

What is the Hong Kong fund?

A planned USD 2.0 billion equity fund for Bangladeshi businesses and projects, announced in August 2026. S2

All sovereign wealth funds in Asia · All proposed or pipeline funds · All funds in Bangladesh

Sources

  1. S1The Business Standard, Government sets aside sovereign wealth fund plan
  2. S2The Financial Express, Government plans USD 2.0 billion equity fund in Hong Kong
  3. S3IFSWF, members list

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