FEPD Circular No. 09: Export Development Fund (EDF) to Type B industries in Export Processing Zones

EDF loan is now admissible against back to back import LCs for input procurements by Type B industries in Export Processing Zones producing readymade garments for export. Authorized Dealers must observe the relevant instructions of FE Circular No. 45/2017 and its subsequent circulars when extending foreign currency loans to these industries.

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Foreign Exchange Policy Department
Bangladesh Bank
Head Office
Dhaka www.bb.org.bd
FE Circular No. 09 Date: March 22, 2021
All Authorized Dealers in
Foreign Exchange in Bangladesh
Dear Sirs,
Export Development Fund (EDF) to Type B industries in Export Processing Zones Attention of Authorized Dealers (ADs) is invited to paragraph 5(a) of FE Circular No. 45, dated December 31, 2017 in terms of which refinance from EDF is accessible to ADs against their foreign currency loans to manufacturer-exporters including Type C industries in Export Processing Zones (EPZs) for input procurements under back to back arrangements.
02. It has been decided that EDF loan will be admissible against back to back import LCs
for input procurements by Type B industries in EPZs producing readymade garment for export. As usual, ADs shall, while extending foreign currency loan to Type B industries, observe the relevant instructions of FE Circular No. 45/2017 and its subsequent circulars. Please bring the contents of this circular to the notice of all your concerned constituents. Yours faithfully, (Md. Ali Akbar Faraji) General Manager Phone: 9530123

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Source: Bangladesh Bank — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works