6:35 pm - Wednesday July 26, 2017

Leather goods, footwear, ceramic exporters to get EDF fund

Leather goods, footwear and ceramic producers and exporters will get credit support from Export Development Fund, a special fund of the central bank, to help the growth of non-traditional exports.

Bangladesh Bank in a circular on Wednesday said all members of Leather goods and Footwear Manufacturers and Exporters

potteryAssociation of Bangladesh and Bangladesh Ceramic Wares Manufacturers’ Association will be allowed to draw EDF finance, reports BSS.

The finance will be given for bulk imports against estimated requirements for up to one year, based on their export performance over the preceding year, the central bank said.

It also said that export-oriented manufacturing units could get EDF support for imports of input in bulk, based on their past performance.

The units include mills under the umbrella of Bangladesh Textile Mills Association and members of Bangladesh Garment Accessories and Packaging Manufacturers and Exporters Association.

The EDF loans are payable within 180 days from the date of disbursement, extendable by the BB up to 270 days in case of a longer period for repatriation of export proceeds.


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