Regulatory Alerts2020-04-07
Added · Updated
FEPD Circular No. 18: Interest rate on borrowing from Export Development Fund (EDF)
Interest rates on Export Development Fund (EDF) loans are set at 1.00% per annum for Authorized Dealers (ADs) and 2.00% per annum for manufacturer-exporters, applying to disbursements until further instructions. The size of the EDF is enhanced to USD 5.00 billion. These rates supersede previous circulars for disbursements made until June 30, 2020, and the circular is effective from April 01, 2020.
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