Bangladesh offers concessional loans to export-oriented companies

According to Bangladesh’s “Financial Express” report on April 1, the Bangladesh government will provide 50 billion taka preferential loans to manufacturing companies that account for more than 80% of export processing business. Help companies pay their employees’ wages and tide over the difficulties of the COVID-19 epidemic. Export-oriented companies such as garment manufacturing, leather, jute, and pharmaceutical companies will be given priority in receiving the loan. The preferential loan interest rate is 2%. The Ministry of Finance of Bangladesh has transmitted relevant policy instructions to the Bangladesh Bank on March 31. It is expected that the loan will be disbursed in the first week of April.