Regulatory Alerts2022-07-19
Added
FEPD Circular Letter No. 27: Settlement of loans against Export Development Fund (EDF)
Authorized Dealers in Bangladesh are prohibited from forwarding applications for Export Development Fund (EDF) loans for customers whose EDF liabilities were settled through funded facilities within the 180 days preceding the circular's date. Additionally, customers whose EDF liabilities are settled through funded facilities against disbursements from July 19, 2022, onward are ineligible for further EDF loans. These restrictions apply irrespective of the nature of imports, while other relevant instructions remain unchanged.
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