Export Development Fund (EDF)
$600m loans from EDF turn sour
Loans amounting to nearly $600 million, or Tk 7,000 crore, disbursed from the Export Development Fund (EDF), which was formed based on the country’s foreign exchange reserves, have been defaulted, according to a Bangladesh Bank (BB) document.
$600 million taken in loans from Export Development Fund defaulted
Dhaka-based firms defaulted most of the amount at $558.7 million and Chattogram-based ones $29.7 million
Garment makers urged to buy yarn from local market
Textile millers made the demand today
BB resets loan ceilings of export development fund
Established in 1989, the EDF facilitates access to financing in foreign exchange for input procurements by manufacturer-exporters.
Banks to pay 4% penal interest for unpaid EDF loans
Currently, the volume of the EDF is $6 billion and the interest rate on EDF loans is 4.5%
Loans from export development fund made costlier
The Bangladesh Bank today raised the interest rate for loans from its export development fund (EDF) by 1 percentage point with a view to making borrowing costlier and thus saving foreign currencies.
Businesses can now repay EDF loans in three instalments
Businesses can now repay their loans taken from the Export Development Fund (EDF) in three instalments.
$600m loans from EDF turn sour
Loans amounting to nearly $600 million, or Tk 7,000 crore, disbursed from the Export Development Fund (EDF), which was formed based on the country’s foreign exchange reserves, have been defaulted, according to a Bangladesh Bank (BB) document.
$600 million taken in loans from Export Development Fund defaulted
Dhaka-based firms defaulted most of the amount at $558.7 million and Chattogram-based ones $29.7 million
Garment makers urged to buy yarn from local market
Textile millers made the demand today
BB resets loan ceilings of export development fund
Established in 1989, the EDF facilitates access to financing in foreign exchange for input procurements by manufacturer-exporters.
Banks to pay 4% penal interest for unpaid EDF loans
Currently, the volume of the EDF is $6 billion and the interest rate on EDF loans is 4.5%
Loans from export development fund made costlier
The Bangladesh Bank today raised the interest rate for loans from its export development fund (EDF) by 1 percentage point with a view to making borrowing costlier and thus saving foreign currencies.
Businesses can now repay EDF loans in three instalments
Businesses can now repay their loans taken from the Export Development Fund (EDF) in three instalments.
