Regulatory Alerts2016-10-03
Added · Updated
Participation Agreement of Green Transformation Fund for export oriented textile and leather manufacturing industries
Authorized Dealers must sign a Participation Agreement with Bangladesh Bank to access on-lending or refinancing facilities under the USD 200 million Green Transformation Fund. Eligible financing supports export-oriented textile, textile products, and leather manufacturing industries importing capital machinery for specified environment-friendly attributes. Authorized Dealers are required to meet ongoing eligibility criteria regarding licensing, management capacity, and risk management, while adhering to strict reporting, inspection, and repayment obligations. Failure to comply with these terms or maintain eligibility allows Bangladesh Bank to suspend disbursements, terminate participation, or impose penal interest on overdue amounts.
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