The New Nation - Internet Edition

UNB, Dhaka

Bangladesh Bank has increased the Export Development Fund (EDF) to US$ 150 million from existing US$ 100 million to help maintain the growth trend of the export-oriented industries.

Single borrower credit limit from the Fund has also been raised to US$ 1.5 million from US$ 1.0 million, said a Bangladesh Bank circular to the commercial banks today (Monday). The revised guideline for the low-cost fund will be effective from Thursday (November 1).

The central bank revised the EDF following a demand from

Bangladesh Garments Manufacturers and Exporters Association (BGMEA), which they placed at a recent meeting with Bangladesh Bank, said a senior official.