The policy support for external trade transactions will continue until June 30 this year, said the Bangladesh Bank.
A central bank circular Thursday said external trade activities of the country are found changing gears to pick up, and the Bangladesh Bank has extended the support until June 2022 from 31 December 2021 to facilitate a smooth transition.
According to the circular, the usance period for imports of industrial raw materials including back-to-back imports, and imports of agricultural implements and chemical fertilizers under supplier’s/buyer’s credit can be extended up to 270 days from 180 days in pre-Covid times.
The support also includes raised borrowing ceiling for apparel-makers and textile manufacturers from the Export Development Fund.
Under the extended policy support, a member of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) or the Bangladesh Textile Mills Association (BTMA) can borrow a maximum of $30 million from the fund until June this year. The previous limit was $25 million.
Earlier on Tuesday, apparel-makers met with Bangladesh Bank Governor Fazle Kabir seeking more facility from the Export Development Fund.