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BB extends enhanced credit limit under EDF for six months

As the impacts of the COVID-19 pandemic continue to persist, Bangladesh’s central bank – the Bangladesh Bank (BB) –has extended the enhanced credit limit under its Export Development Fund (EDF) scheme for the textiles and clothing exporters by six more months till June.

Bank
Figure: The Bangladesh Bank (BB) has extended the enhanced credit limit under its Export Development Fund (EDF) scheme for the textiles and clothing exporters by six more.

The members of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) and the Bangladesh Textile Mills Association (BTMA) are eligible to enjoy the enhanced loan ceiling until June 30 of this year instead of December 31 of last year, said a notification, issued by the Bangladesh Bank (BB), on 27 January.

“Given the ongoing situation due to COVID-19, it has been decided to continue the enhanced limit of $30.00 million, for disbursements until June 30, 2021, to member mills of BGMEA and BTMA,” quoting the central bank the notification said.

 

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