Bangladesh’s central bank, Bangladesh Bank (BB), has recently relaxed the loan terms of the pre-shipment credit refinancing for all export-oriented entities affected by the coronavirus pandemic.
Media reports claimed this adding the relaxation has been made to ease refinancing facilities at the bank and customer level even if from now on, banks will be able to disburse up to 50 per cent loan for packing credit, a loan provided to exporters to finance the goods procurement before shipment, under the pre-shipment credit refinancing scheme.
The central bank has underlined this in a new circular issued recently, while there was no loan facility for packing credit under the incentive package previously.