A refinance scheme of BDT 10 billion in the name of Technology Development Fund/Upgradation (TDF) has been established in Bangladesh Bank. This fund has been established in conformity of 'Export Policy 2018- 21' with a view to enhancing competitive capacity and sustainability of the export oriented industries. The Sustainable Finance Department of Bangladesh Bank organized [...]
Bangladesh Bank is forming a Tk 1,000 crore fund to provide cheap loans to export-oriented industries to upgrade technologies they currently use. The eligible industries are of 32 types, all falling under top-priority and special development sectors. They include ready-made garment factories making high-value additions in production, pharmaceuticals, software and IT-enabled services, jute goods and [...]
The International Finance Corporation (IFC) plans to fortify its footprint in Bangladesh through extending its investment portfolio to nearly $5.0 billion in the next five years. IFC wants to expand investment for the private sector in Bangladesh. They’ll double the investment in the next five years. Bangladesh was a potential place for investments as the [...]
Bangladesh Taka (BDT) has depreciated by Tk 1.0 against the US dollar (USD) in nearly three months despite selling of the greenback by the central bank to the banks for keeping the market stable. The US dollar was quoted at Tk 85.80 each in the inter-bank foreign exchange market on Wednesday against Tk 84.80 on [...]
The central bank decides to introduce a new and unique component under an existing credit-guarantee scheme (CGS) for banks to lend to the minnows, nicknamed 'no-frills' account-holders, as per government policy for financial inclusion. A proposal to this effect was approved at a board-of-directors meeting of the Bangladesh Bank Thursday, against the backdrop of a [...]
