Post-import financing info to be furnished in changed format

Banks will have to provide sector-wise information on import financing in a changed format covering all sectors of trade for proper monitoring by the central bank.

The Bangladesh Bank (BB) has revised the data-input template of post-import financing (PIF) for banks to provide sector-wise information, official sources said.

The Department of Offsite Supervision (DOS) of the central bank has issued a circular on the revision which will come into effect from March 2024.

Talking to the FE correspondent, DOS director Arif Hossain Khan, who signed the circular, said the central bank revised its policy for post- import financing (PIF) last year expanding PIF coverage to two more sectors which are trading in agricultural items.

With the existing template, the banks have encountered financing difficulties in providing sector-wise data. "That's why we revised the data-input template," the central banker said.

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