Regulatory Alerts2022-10-26
Added
BRPD Circular Letter No. 41: Policy for Post Import Financing-PIF
The Bangladesh Bank amends previous instructions to permit Post Import Financing (PIF) for finished goods imported via cross-border transactions between entities within the same group or with common interests, provided the financing is not against local letters of credit. This exception supports domestic trade facilitation and investment, while all other instructions in BRPD Circular Letter No. 12/2022 remain unchanged. The directive is issued under Section 45 of the Bank Company Act, 1991, and takes immediate effect for all scheduled banks operating in Bangladesh.
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