As the impacts of the COVID-19 pandemic continue to persist, Bangladesh’s central bank – the Bangladesh Bank (BB) – has underlined that clothing and textile exporters of Bangladesh would continue to enjoy the enhanced credit limit under the Export Development Fund (EDF) for six more months, i.e., until June.
According to media reports, a notice issued by the central bank in this direction recently maintained that members of the Bangladesh Textile Mills Association (BTMA) and the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) will be able to use the facility until 30 June 2021.
The Bangladesh Bank, as part of its efforts to help the garment industry tackle the economic fallouts of the pandemic, in May 2020, increased the credit limit under the fund — financing from the EDF is extended to manufacturers so that they can purchase raw materials in the form of back-to-back letters of credit, which helps them produce export-oriented items — from US $ 25 million to US $ 30 million for the rest of the year.
Bharat Tex Special Report 2026 
