Regulatory Alerts2020-12-20
Added · Updated
Addendum for the Operating Guidelines for Two-Step Loan Component of Foreign Direct Investment Promotion Project
The eligibility criteria for end-borrowers are amended to require that Bangladeshi companies have aggregate deals with Japanese firms expected to exceed USD 100,000 within one year after applying for the loan. Participating Financial Institutions are authorized to accept Standby L/Cs and other guarantees from non-resident Japanese banks and financial institutions based on their own assessment. Interest rates for the On-Lending Loan and Sub-Loans are revised to 1.5% and a maximum of 5.0% respectively, with corresponding adjustments to revenue allocations for Bangladesh Bank and the Ministry of Finance. These instructions take immediate effect and apply to existing outstanding loans under the project.
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