BMDF has been working as an independent Company under the Ministry of Finance,GoB. As provided in the Article of Association of the Company, BMDF has a General Body and a Board of Directors both headed by the Secretary, Local Govt Division, GoB. The General Body provides policy guidelines and directives to the company in its Annual General Meeting every year. The Board of Directors consists of ten members including civil society groups members with representatives from Finance Division, IME Division, Planning Commission and Bangladesh Bank. The Board of Directors control and coordinate all activities of the Company.
BMDF has initial access to a credit line of US$ 63.0 million provided by the World Bank through the Government of Bangladesh (GoB) in 2004.