Page 12 - Export Development Fund News Today

The Bangladesh Bank today raised the interest rate on the loans made from its export development fund (EDF) by 50 percentage points with an aim to make borrowing costlier and thus save foreign currencies.

DHAKA, Feb 1, 2023 (BSS) - Bangladesh Bank (BB) has raised the interest rate  on loans made from its Export Development

Meanwhile, the central bank depreciated the taka again on Wednesday by raising its dollar price by Tk1 to Tk101, aiming at narrowing the gap with market rates

New Age, a Dhaka-based leading English language daily newspaper, is a major source of news of Bangladesh and international affairs

The loan agreement also mentions 30 conditions including dynamic fuel pricing, bringing down default loan of state banks and leaving the exchange rate to the market

BB inks deal with 49 banks for Tk10,000cr export fund

The International Monetary Fund (IMF) approved Bangladesh's $4.7 billion loan proposal during a board meeting on Monday night (BDST). Bangladesh will get about $3.3 billion under the Extended Credit Facility (ECF) and the Extended Fund Facility (EFF) and about $1.4 billion under the Resilience and Sustainability Facility (RSF), an IMF press release on early Tuesday said.

The International Monetary Fund yesterday gave the final approval to Bangladesh’s $4.5 billion loan proposal, in a development that is expected to calm the jitters surrounding the health of the country’s economy.

Bangladeshs Export Development Fund (EDF) set up to help exporters with foreign currency has dropped by $1 billion to $6 billion, a development that may ease pressure on...

In a move that is expected to lessen the pressure on forex reserves in the country, the Export Development Fund, which is formed to help the exporters with foreign currency on relaxed conditions, has dropped by US $ 1 billion to US $ 6 billion. This is as per reports, which maintained the information was […]