Bangladesh Bank raises interest rate for loans from EDF

Bangladesh Textile Journal

BTJ

NewsEconomy

Bangladesh Bank raises interest rate for loans from EDF

BTJ Desk Report
02/02/2023010
SHARE
Banks have been requested to cash out 50% of exporters' retention deposits

Bangladesh Bank (BB) has raised the interest rate on loans made from its Export Development Fund (EDF) by 50 percentage points.

“It has been decided that interest rate on EDF loans to ADs will be charged by Bangladesh Bank at 3% pa, while ADs will charge interest to manufacturer-exporters at 4.50% pa, for disbursements until further instructions,” as per a BB circular issued Wednesday.

Other relevant instructions on EDF shall remain unchanged.

SHARE

Related Articles

Bangladesh again urges duty-free access for US cotton-made apparel Trade AssociationNews
08/04/202309

Bangladesh again urges duty-free access for US cotton-made apparel

Apparel manufacturers of the country again called on US policymakers to negotiate with their government to allow duty-free access to Bangladesh’s apparel made of US cotton to make trade easier b
Read More
Amendments on Labor Act News
07/02/202405

Amendments on Labor Act

The tripartite review committee, consisting of government, factory owners, and worker representatives, proposed amendments to the Labor Act aimed at easing the formation of trade unions. The suggested
Read More
Inflationary pressure may sustain NewsLocal IndustryEconomy
22/08/2022027

Inflationary pressure may sustain

Inflationary pressure may sustain for some more time in the country and will depend on the Russia-Ukraine war and the international market situation, said the speakers. They told it while speaking at
Read More

Comment here