FEPD Circular No. 13 : Export Development Fund (EDF)

The permissible limit for Export Development Fund loans to Authorized Dealer banks for foreign currency financing of input procurement for manufacturer-exporters and BTMA member mills is increased from USD 10 million to USD 12 million. EDF loans are now also available to member mills of the Bangladesh Plastic Goods Manufacturers and Exporters Association (BPGMEA) for bulk imports of raw materials for local deliveries of garment accessories against inland back to back LCs. For BPGMEA member mills, the loan limit is capped at the lower of the foreign exchange value realized against inland back to back LCs over the past twelve months or USD 500,000.

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Foreign Exchange Policy Department
Bangladesh Bank
Head Office
Dhaka. www.bb.org.bd
FE Circular No. 13 Date: October 10, 2013
All Authorized Dealers of
Foreign Exchange in Bangladesh
Dear Sirs,
Export Development Fund (EDF)
Please refer to paragraph 5 of FE Circular No. 25, dated December 22, 2009 in terms of which an EDF loan to an Authorized Dealer (AD) bank against their foreign currency financing of input procurement for manufacturer-exporter and BTMA member mill does not exceed permissible entitlement or USD 10 million, whichever is lower. It has now been decided to enhance the above limit from USD 10 million to USD 12 million.

Attention of ADs is also invited to FE Circular No. 04, dated February 10, 2013
regarding EDF loan availability to BGAPMEA member mills for bulk import of input procurements. It has now been decided that EDF loans will be available also to member mills of the Bangladesh Plastic Goods Manufacturers and Exporters Association (BPGMEA) making bulk import of raw materials for local deliveries of garment accessories to manufacturer-exporters against inland back to back LCs in foreign exchange. An EDF loan to an AD against their foreign currency financing of input imports for a BPGMEA member mill shall not exceed (i) the value realized in foreign exchange against inland back to back LCs over the past twelve months, or (ii) USD 500,000 (five hundred thousand), whichever is lower.
Other instructions contained in FE Circular No. 25, dated December 22, 2009 and its
subsequent circulars shall remain unchanged.
Yours faithfully,
(Md. Jahirul Hoque)
Deputy General Manager
Phone: 9512604

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Timeline

Amended 1 time · last 2016-06-19

2016-06-19BBFE Circular No. 17: Enhancement of Export Development Fund Limitamends

This document amends: FEPD Circular No. 04 : Export Development Fund (EDF), FEPD Circular No. 25: Master Circular on Export Development Fund (EDF)

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