BB raises interest rate for loans from EDF

Staff Reporter

01 Feb 2023, 23:08

Bangladesh Bank (BB) has raised the interest rate on loans made from its Export Development Fund (EDF) by 50 percentage points.

"It has been decided that interest rate on EDF loans to ADs will be charged by Bangladesh Bank at 3 percent pa, while ADs will charge interest to manufacturer-exporters at 4.50 percent pa, for disbursements until further instructions," as per a BB circular issued here today.

Other relevant instructions on EDF shall remain unchanged.

Comments

Latest
Popular

Khalilur touts Bangladesh-US trade deal as gateway to investment and supply chain

১

Bangladesh Ambassador Pays Courtesy Call on the Speaker of Nepal

২

Pushkin Day and Russian Language Day observed at Dhaka University

৩

Russian House in Dhaka Celebrates Russia Day with Cultural Fair, Exhibitions, and International Concert Program

৪

India’s envoy-designate says Dhaka, Delhi can achieve global ambitions together

৫

Bangladesh seeks stronger UNDP support for LDC transition

৬

Information Minister inaugurates 5th CMG Forum in China

৭

Russia offers floating nuclear plant option to Bangladesh

৮

Bangladesh, Türkiye eye strategic partnership, trade expansion

৯

Khalilur elected President of 81st UNGA session

১০

Latest All News

Bangladesh Ambassador Pays Courtesy Call on the Speaker of Nepal

১

Khalilur touts Bangladesh-US trade deal as gateway to investment and supply chain

২

Popular All News

More News

AmCham hosted a luncheon meeting titled “Advancing U.S.–Bangladesh Economic Partnership” today

The American Chamber of Commerce in Bangladesh (AmCham) hosted a luncheon meeting titled “Advancing U.S.–Bangladesh

Joint visit by the UK and Interim Government to Bangladeshi factory exporting to the UK market

British High Commissioner to Bangladesh Sarah Cooke and Special Envoy to the Chief Adviser Lutfey

Bangladeshi workers pay the price when Australian fashion brands collapse

In Brief Global South workers at the supplier and sub-supplier levels are going unpaid as unprofitable,

Explore new markets for Bangladesh products: PM to exporters

Prime Minister Sheikh Hasina on Sunday asked the exporters to explore new markets for Bangladeshi