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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.

Bangladesh's 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 […]