Regulatory Alerts2021-01-27
Added
FE Circular No. 05: Enhancement of loan limit from Export Development Fund (EDF)
The enhanced loan limit of USD 30.00 million from the Export Development Fund (EDF) is continued for disbursements to member mills of BGMEA and BTMA until June 30, 2021. This extension applies to Authorized Dealers in Foreign Exchange in Bangladesh providing foreign currency financing. Operational formalities regarding the EDF remain unchanged.
Foreign Exchange Policy Department Bangladesh Bank Head Office Dhaka www.bb.org.bd FE Circular No. 05 Date: January 27, 2021 All Authorized Dealers in Foreign Exchange in Bangladesh Dear Sirs, Enhancement of loan limit from Export Development Fund (EDF) Please refer to FE Circular No. 21, dated May 17, 2020 regarding enhancement of refinancing limit from EDF, effective for disbursements until December 31, 2020, to Authorized Dealers against their foreign currency financing to member mills of BGMEA and BTMA. 02. Given the ongoing situation due to COVID-19, it has been decided to continue the enhanced limit of USD 30.00 million, for disbursements until June 30, 2021, to member mills of BGMEA and BTMA. As usual, relevant instructions with regards to operational formalities of EDF shall remain unchanged. Please bring the contents of this circular to the notice of your concerned clientele. Yours faithfully, (Md. Ali Akbar Faraji) General Manager Phone: 9530123