33.33pc increase in allocation for EDF

The central bank increased on Wednesday the allocation for the Export Development Fund (EDF) by more than 33.33 per cent to US$ 2.0 billion from $ 1.5 billion to meet the growing demand of the country's exporters. The Bangladesh Bank (BB) has enhanced the allocation of the EDF aiming to facilitate the country's exporters in expediting their business activities, officials said.    — FE Report