Home » Bangladesh Publication » Circular No. 11 dated 25 April 2023 issued by the Banking Regulation and Policy Department of the Bangladesh Bank on the “Establishment of the Export Facilitation Pre-finance Fund (“EFPF”)”
Circular No. 11 dated 25 April 2023 issued by the Banking Regulation and Policy Department of the Bangladesh Bank on the “Establishment of the Export Facilitation Pre-finance Fund (“EFPF”)”
May 3, 2023Bangladesh Bank stated that it has found that some companies, individuals, and firms that secured loans under the EDF against shipment orders but failed to repatriate the export proceeds were still accessing credit facilities under the EFPF. Per the circular, such companies, individuals, and firms will not be eligible for any new loans against the export orders under the EFPF.
RELATED EXPERIENCES
Related Articles
- NBR Launches Customs Risk Management Regulations to Combat Economic Crimes
- April 28, 2025 - Flexible Application Process for Mobile Financial Service Providers and Payment Service Providers in the Repatriation of Wage Remittances
- March 18, 2025 - The Bangladesh Bank Launches Web Portal to Facilitate Foreign Investment and Financing
- March 18, 2025 - Simplified Procedure for Remittances by Star-Rated Hotel Businesses in Bangladesh
- December 18, 2024 - Guidelines for the Transparency and Accountability of Operations of JVCAs with Foreign Partners in Bangladesh
- December 18, 2024