More credit for exporters
Tuesday, 24 June 2014
Bangladesh Bank (BB) has raised both the volume of fund and credit limit for exporters.
After the increase, EDF has become $1.5 billion and individual credit limit $1.5 million.
BB created Export Development Fund (EDF) with initial fund of $100 million in 2005 to encourage and to provide investment capital for the exporters. Last year it had been raised to $1 billion and on 6 April it was further raised to $1.2 billion.
Exporter of any sector can avail the credit from EDF.
GM of Forex Reserve and Treasury Management Kazi Saidur Rahman told bdnews24.com, “The increase has been made to meet the demand of exporters. Individual credit limit has also been raised.
According to Export Promotion Bureau (EPB), in the 11 months of FY2013-14, export earnings have increased by 13pc than that of previous year.