Economic Reporter :
The central bank and BRAC Bank Limited signed a Long Term Financing Facility (LTFF) under Financial Sector Support Project (FSSP).
Under the agreement, BRAC Bank will avail long term foreign currency finance from Bangladesh Bank mainly for supporting exporters, small and medium scale manufacturing enterprises and other private sector firms.
The financing can be utilized for purchase of capital machineries and equipment for upgrade and expansion, newly set up manufacturing industries, relocation of factories to designated industrial zones, purchase of ocean-going vessels and specialized transport vehicles and supporting transportation of goods manufactured in the country.
