Regulatory Alerts2022-09-15
Added
FEPD Circular Letter No. 33: Partial repayment of loans against Export Development Fund (EDF)
Repayment against Export Development Fund (EDF) loans can be made partially for a maximum of two times, with any remaining balance required to be settled in a single payment within the remaining admissible tenure. This clarification applies to Authorized Dealers in Bangladesh and their relevant customers regarding EDF loan procedures.
Foreign Exchange Policy Department Bangladesh Bank Head Office Dhaka www.bb.org.bd FE Circular Letter No. 33 Date: September 15, 2022 Head offices/principal offices of all Authorized Dealers in Bangladesh Dear Sirs, Partial repayment of loans against Export Development Fund (EDF) Please refer to paragraph 6 of FE Circular No. 45, dated December 31, 2017 regarding procedure of application for EDF loans from Bangladesh Bank and repayment thereof. 02. This is to clarify that repayment against EDF loans can be made partially for maximum two times and the remainder, if any, needs to be settled at one-go within the remaining admissible tenure. Please bring the above clarification to the notice of your relevant customers. Yours faithfully, (Md. Sarwar Hossain) Director (FEPD) Phone: 9530123