BB extends export support fund

In a move aimed at strengthening export performance and ensuring a stable inflow of foreign currency, Bangladesh Bank (BB) has prolonged the tenure of its Export Facilitation Pre-finance Fund (EFPF) until 31 December 2030.

The central bank issued a circular on Thursday confirming the extension of the scheme, which was previously nearing its expiry.

The decision reflects ongoing global economic uncertainties and the need to support key export sectors particularly the ready-made garment (RMG) industry in sustaining production and growth.

As per the revised guidelines, the Tk10,000 crore fund financed from Bangladesh Bank’s own resources will continue to operate as a revolving facility through 2030. Loans from the fund will be disbursed via participating commercial banks on a first-come, first-served basis.

To ensure equitable access, the central bank has set a cap, allowing a single company or industrial group to avail a maximum of Tk200 crore at any given time.

Commercial banks must sign a Participation Agreement with Bangladesh Bank’s Banking Regulation and Policy Department-1 before extending loans under the facility.

The circular also emphasizes transparency and accountability. Participating banks are required to submit quarterly reports on fund disbursement and recovery within 15 days after each quarter ends in April, July, October, and January.