Regulatory Alerts2020-10-01
Added · Updated
BRPD Circular Letter No. 50: Inclusion of BEZA/BEPZA/Hi-Tech Park Industries in Government COVID-19 Stimulus Packages
The document extends the benefits of financial stimulus packages implemented by banks and financial institutions to 'A', 'B', and 'C' type industrial units located within the Bangladesh Economic Zone Authority (BEZA), Bangladesh Export Processing Zones Authority (BEPZA), and Bangladesh Hi-Tech Park Authority. This inclusion aims to enhance the financial capacity and maintain production and employment for both domestic and foreign-owned enterprises affected by the Novel Corona Virus (COVID-19). The circular authorizes the assessment of these stimulus funds as loans for 'A' type industrial units under BEZA, BEPZA, or Hi-Tech Parks and mandates compliance with all previously issued circulars regarding these packages. These instructions are effective immediately.