Enhancement of Export Development Fund limit for BTMA mills

The maximum loan amount that Authorized Dealers may borrow from the Export Development Fund (EDF) against foreign currency financing to member mills of the Bangladesh Textile Mills Association (BTMA) is increased from USD 15.00 million to USD 20.00 million. This adjustment applies to BTMA mills and does not alter other instructions contained in FE Circular No. 25 dated December 22, 2009, or its subsequent circulars.

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Foreign Exchange Policy Department
Bangladesh Bank
Head Office
Dhaka. www.bb.org.bd
FE Circular No. 22 Date: 23 December, 2015 All Authorized Dealers of Foreign Exchange in Bangladesh Dear Sirs, Enhancement of Export Development Fund (EDF) limit for BTMA mills. Please refer to paragraph 5(b) of FE Circular No. 25, dated December 22, 2009 read with FE Circular No. 26, dated June 24, 2014 in terms of which an Authorized Dealer may borrow maximum USD 15.00 million loan from EDF against their foreign currency financing to a member mill of BTMA.
02. It has now been decided to enhance the existing limit of USD 15.00
million to USD 20.00 million for BTMA mills.
Other instructions contained in FE Circular No. 25, dated December 22, 2009 and its subsequent circulars shall remain unchanged. Yours faithfully, (Jagannath Chandra Ghosh) Deputy General Manager Phone: 9530092

Lineage: In force

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This document amends: FEPD Circular No. 26: Export Development Fund (EDF), FEPD Circular No. 25: Master Circular on Export Development Fund (EDF)

Source: Bangladesh Bank — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works