Business Desk :
Bangladesh Bank (BB) has introduced a facility for exporters to repay the loans taken from its Export Development Fund (EDF) in instalments.
From now, the entire loan liability can be repaid in three instalments.
The Foreign Exchange Policy Department (FEPD) of BB issued a guideline in this regard on Thursday and sent it to all authorised dealers engaged in foreign exchange transactions. According to the BB directive, repayment against EDF loans can be made partially for a maximum of two times and the remainder, if, any, needs to be settled at one go within the remaining admissible tenure.
The sector insiders say that until now the EDF debt has to be paid at a time. Exporters face problems in this repayment process. Because, export income is not available simultaneously, traders said.
In such a situation, the exporters will be able to partially repay the EDF liability in instalments under the new directive.
