Submission of private sector long term external debt data through Rationalized Input Template (RIT) in parallel to hard copy according to revised timeline

Statistics Department Bangladesh Bank Head Office, Dhaka Website: www.bb.org.bd StD circular letter no.-06/2014 Dated: September 30, 2014 Managing Director/CEO All Scheduled Banks in Bangladesh Dear sir, Submission of private sector long term external debt data through Rationalized Input Template (RIT) in parallel to hard copy according to revised timeline. Private sector long term (maturity more than one year) external debt statistics is being compiled by this department as part of its regular activities using Debt Management and Financial Analysis System (DMFAS) software provided by UNCTAD. General information, tranche information, drawing, payment schedule, repayments (principal, interest, commission etc.) of each loan has been registered in DMFAS software using the hard copy (ED-1 & ED-2) sent by AD banks/OBUs. The debt compilation on private sector long term external debt is being seriously hampered due to inconsistency/error/irrelevance in ED-1/ED-2 form and lack of full coverage in long term external debt (especially foreign borrowing of 100% foreign enterprises located in EPZ areas). Under this circumstances, banks will have to upload the relevant templates regarding private sector long term external debt including both foreign loan approved by Board of Investment (BOI) and foreign loan availed by industrial enterprises located in EPZ areas through RIT within one month after end of reference quarter and enclosed the confirmation page of uploaded template with the forwarding letter of the reference quarter. It is mentioned that three RITs (T_ME_Q_LTED_GENERAL_INFO, T_ME_Q_LTED_TRANCHE_INFO and T_ME_Q_LTED_SCHEDULE) will have to upload once (multiple times, if necessary) and two RITs will have to upload regularly on quarterly basis in the Bangladesh Bank website until the loan is settled. It is also stated that hard copies of ED-1/ED-2 form and loan agreements will have to submit the statistics department within one month after end of reference quarter instead of instructions given in the statistics department’s StD circular no.-03/2014, dated May 12, 2014. Please acknowledge receipt. Yours faithfully Sd/- (Mrinal Kanti Sarker) Deputy General Manager Phone: 9530134