Regulatory Alerts2021-09-30
Added
BRPD Circular Letter No. 44: Refinance Scheme for Pre-Shipment Credit to Mitigate the Crisis due to Novel Coronavirus
The Bangladesh Bank replaces the previous instruction regarding the Refinance Scheme for Pre-Shipment Credit by extending the eligibility for multiple loans under the 3-year, BDT 50 billion fund to all customers, regardless of the loan tenure. Participating banks are now authorized to refinance loans with any tenure up to a maximum of 180 days, which must be repaid in a lump sum with interest at maturity. This amendment aims to prevent disruption to export activities and foreign exchange inflows for affected industries as the initial one-year implementation period expires.
Topics
credit
fx
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