Regulatory Alerts2014-05-06
Added · Updated
Medium/long term external borrowing by industrial enterprises in Export Processing Zones (EPZs): approval procedure
Industrial units in Export Processing Zones must submit medium/long term external borrowing applications through their Authorized Dealer banks, which forward them to the Bangladesh Export Processing Zones Authority (BEPZA) for onward referral to Bangladesh Bank. Applications must include specific analyses regarding commercial viability, debt servicing capacity, cost competitiveness, sectoral capacity, and the sponsors' existing indebtedness. The BEPZA forwards these proposals to the Foreign Exchange Investment Department at Bangladesh Bank Head Office, where they are scrutinized and decided at the Governor’s level with immediate effect.
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