Regulatory Alerts2020-07-02
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BRPD Circular Letter No. 35: Implementation of stimulus packages declared by Bangladesh Bank
Bangladesh Bank directs all scheduled banks to implement the stimulus packages for working capital announced on June 17 and July 2, 2020, with the majority of disbursements targeted for completion by July 2020 and the remainder by August 2020. The directive applies to banks with allocations of 50 billion BDT or more for the industrial and services sector, and 30 billion BDT or more for micro and small/medium enterprises. Bank representatives have committed to taking all necessary steps to meet these timelines, and the central bank has pledged full cooperation to facilitate implementation.
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