EDF loans
$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
August 14, 2024
$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.
August 13, 2024
$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
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