Bangladesh were due to participate in the tournament along with the West Indies, Pakistan and hosts Canada.
The proposed event scheduled to be held in Toronto from Aug 14-17 was post-poned for want of proper playing facilities, chief organiser Hasan Jalil said.
"The biggest problem is the ground, Toronto does not have a proper stadium... It's a flat ground and we had to erect a lot of facilities there. So when West Indies inspected the ground they were not satisfied."
"They had set some conditions... Because of these conditions it is a very risky affair now as just two weeks are left and there is no MOU signed with West Indies so we are in a limbo right now," Jalil added.
Pakistan-based event management company Sports International Marketing (SIM) had planned to host the tournament in Toronto from Aug. 14-17.