Home » Bangladesh Publication » Circular No. 11 dated 25 April 2023 issued by the Banking Regulation and Policy Department of the Bangladesh Bank on the “Establishment of the Export Facilitation Pre-finance Fund (“EFPF”)”
Circular No. 11 dated 25 April 2023 issued by the Banking Regulation and Policy Department of the Bangladesh Bank on the “Establishment of the Export Facilitation Pre-finance Fund (“EFPF”)”
May 3, 2023Bangladesh Bank stated that it has found that some companies, individuals, and firms that secured loans under the EDF against shipment orders but failed to repatriate the export proceeds were still accessing credit facilities under the EFPF. Per the circular, such companies, individuals, and firms will not be eligible for any new loans against the export orders under the EFPF.
RELATED EXPERIENCES
Related Articles
- Stimulating Foreign Currency Reserves: Tax Breaks for Offshore Banking in Bangladesh
- May 2, 2024 - Regulatory Directive Impacts Industrial Establishment Access to Utilities and Financial Support
- May 2, 2024 - Bangladesh Bank Announces Interest Rate Adjustments for SREUP Pre-Finance Facilities
- May 2, 2024 - Revolutionizing Trade: Bangladesh Introduces Counter-Trade for Foreign Exchange Independence
- April 3, 2024 - Boosting Foreign Investment: Bangladesh’s Offshore Banking Act 2024 Unveiled
- April 3, 2024