Regulatory Alerts2019-11-19
Added · Updated
FE Circular No. 44: Interest rate on borrowing from Export Development Fund (EDF)
Bangladesh Bank reduces the interest rate on Export Development Fund (EDF) loans to Authorized Dealers (ADs) from six-month USD LIBOR plus 1% to six-month USD LIBOR plus 0.50%. Concurrently, ADs are required to charge manufacturer-exporters an interest rate of six-month USD LIBOR plus 1.50% on their USD loan disbursements. These revised rates apply to disbursements made until June 30, 2020.
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