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BB raises loan limit of export development fund

BB raises loan limit of export development fund

  1. Update Time : Wednesday, February 26, 2020
  2. 220 Time

Shawdesh Desk:

Bangladesh Bank (BB) has increased the loan limit of its Export Development Fund (EDF) to US$ 20 million from $15 million.

“It has now been decided to enhance the limit of $15.00 million to $20.00 million for member mills of the Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA),” said a BB circular issued on Tuesday.

Other instructions contained in the circular shall remain unchanged, the circular added.

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