<div><span style="font-size: 1rem;">Bangladesh Bank (BB) has introduced a facility for the exporters to repay the loans taken from its Export Development Fund (EDF) in installments.</span><br></div><div><br></div><div>From now, the entire loan liability can be repaid in three installments.</div><div><br></div><div>The Foreign Exchange Policy Department (FEPD) of BB issued a guideline in this regard on Thursday and sent it to all authorized dealers engaged in foreign exchange transactions.</div><div><br></div><div>According to the BB directive, repayment against EDF loans can be made partially for maximum two times and the remainder, if, any, needs to be settled at one-go within the remaining admissible tenure.</div><div><br></div><div>The sector insiders say that until now the EDF debt has to be paid at a time. Exporters face problems in this repayment process. Because, export income is not available simultaneously, traders said.</div><div><br></div><div>In such a situation, the exporters will be able to partially repay the EDF liability in installments under the new directive.</div><div><br></div><div>The central bank provides foreign currency support to exporters for the import of manufacturing raw materials from EDF.</div><div><br></div><div>The tenure of the EDF loan is 180 days, subject to the approval of Bangladesh Bank, this period can be extended by another 90 days. Source: UNB</div><div><br></div><div>bnbd24/fas</div>