Tuesday 10 December 2019 ,
Tuesday 10 December 2019 ,
Latest News
  • Universities turning into business institutions: President
  • Russia banned from global sports for 4 years
  • SA Games: Bangladesh win gold in men’s cricket
  • Stay alert against women repression: PM
  • Prof Ajoy Roy passes away
  • PM distributes Begum Rokeya Padak
  • Barrage of challenges as Myanmar faces ICJ
  • Miss South Africa wins 2019 Miss Universe crown
1 January, 2018 00:00 00 AM
Print

BB eases financing process of Export Development Fund

BSS

Bangladesh Bank (BB) has eased the process of Export Development Fund (EDF)

to facilitate access to financing in foreign exchange for input procurements by manufacturer-exporters, reports BSS.

“To bring ease in operations of EDF, revised operational procedure prepared through compilation of existing instructions,” said a BB circular in the capital yesterday.

Authorized Dealer (AD) banks can borrow US dollar funds from the EDF against their foreign currency loans to manufacturer-exporters for input procurements. At their option, the ADs can also lend to some extent from their own foreign exchange funds for input procurements.

The Export Development Fund is managed by the Forex Reserve and Treasury Management Department (FRTMD) at the head office of Bangladesh Bank. Borrowing by ADs from the EDF and repayments thereof are handled through head offices or principal offices of the AD banks concerned.

 

Comments

Most Viewed
Digital Edition
Archive
SunMonTueWedThuFri Sat
01020304050607
08091011121314
15161718192021
22232425262728
293031

Copyright © All right reserved.

Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Disclaimer & Privacy Policy
....................................................
About Us
....................................................
Contact Us
....................................................
Advertisement
....................................................
Subscription

Powered by : Frog Hosting