Regulatory Alerts2014-07-21
Added · Updated
FE Circular No. 30 : Export Development Fund (EDF)
The maximum single borrower limit for a member mill of the Bangladesh Garments Accessories & Packaging Manufacturers & Exporters Association (BGAPMEA) borrowing from the Export Development Fund (EDF) is increased from USD 1.00 million to USD 2.00 million. This change applies to Authorized Dealers of Foreign Exchange in Bangladesh when providing loans against foreign currency financing for bulk imports of raw materials for local deliveries of garment accessories. All other instructions contained in FE Circular No. 04 dated February 10, 2013 remain unchanged.
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