Dec 31 new deadline for EDF borrowing for Bangladesh's textile firms
20 Jul 22 1 min read
In January this year, the central bank raised the loan limit to $30 million from $25 million to help exporters offset the business slowdown induced by the pandemic.
The central bank asked banks in June to refrain from forwarding applications of EDF loans, irrespective of the nature of imports, for customers whose liabilities have been settled through funded facilities in the immediate past 180 days, according to Bangladeshi media reports.
Yesterday, it said the EDF loans are required to be settled out of export proceeds/foreign currency funds.
Related News
- India’s leading textile firms report mixed performance in FY24
- Bangladesh's BTMA calls for uninterrupted gas supply to textile mills
- Bangladesh budget proposes only 1% customs duty on PTA, MEG imports
- Polyester, PC & viscose yarn prices up amid fibre hike & high demand
- South Indian cotton yarn market stable amid focus on election results
- Sri Lanka's garment exports ease 2.1% to $1,468 mn in Jan-Apr 2024
Fibre2Fashion News Desk (DS)
Popular News
|
US cotton exports rise in week ending May 23: USDA |
|
Chinese manufacturing conditions markedly improve midway into Q2 2024 |
|
Global recovery may have propelled India’s FY24 GDP growth to 8%: SBI |
|
Italy’s consumer confidence index up from 95.2 to 96.4 in May: Istat |
|
Cotton sowing in north India may drop amid pest concerns, crop delayed |
|
UK economy grows 0.6% in Q1 2024, exits ‘technical recession’ |