Bangladesh Keyword: Export Development Fund (EDF)

March 31, 2023

In order to stop the long delays in the repayment of EDF loans, the Bangladesh Bank will charge penalty interest (compensation under Shariah-based Islamic banking) at 4% above the prevailing interest rate to authorized dealers (“AD”) on all overdue EDF loan repayment amounts for the period they are overdue. In addition, the circular specifies that […]