Regulatory Alerts2025-02-16
Added
BRPD Circular Letter No. 04: Resolving Existing Difficulties of Raw Jute Exporters
Bangladesh Bank instructs scheduled banks to grant a two-year moratorium on loans for 100% foreign exchange-earning raw jute exporters, requiring a 2% down payment based on the loan position as of March 31, 2024. This directive supersedes previous government decisions from June 2022, which had mandated a 10-year repayment plan with specific interest waivers and fund development deductions, by establishing a new restructuring framework effective immediately.
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