nterest Rate on Borrowing from the Export Development Fund | VDB

Bangladesh Keyword: nterest Rate on Borrowing from the Export Development Fund

Circular No. 02 dated 1 February 2023 issued by the Foreign Exchange Policy Department of the Bangladesh Bank on “Interest Rate on Borrowing from the Export Development Fund (“EDF”)”

March 4, 2023

https://www.vdb-loi.com/bd_publications/circular-no-02-dated-1-february-2023-issued-by-the-foreign-exchange-policy-department-of-the-bangladesh-bank-on-interest-rate-on-borrowing-from-the-export-development-fund-edf/

The circular specifies that until further instruction, the Bangladesh Bank will charge an interest rate of 3.00% on EDF loans to authorized dealer banks while authorized dealer banks are to charge interest to manufacturer-exporters of 4.50%.