Tag: Borrow

BB allows foreign firms, JVs in EZs to borrow in taka

- Times Report -

Bangladesh Bank (BB) has allowed foreign firms and joint ventures (JVs) located in the economic zones (EZs) to take working capital loans in taka from the domestic banking system for their operations catering for the local market. "Industrial enterprises operating in the domestic processing areas of the economic zones do not

BB raises interest rate on borrowing from EDF

- Times Report -

Bangladesh Bank (BB) has raised the interest rate on borrowing from the Export Development Fund (EDF). The central bank on Wednesday fixed 1.0 per cent per annum to 1.5 per cent for Authorized Dealers (ADs) while the ADs will charge 3.0 per cent per annum on their USD loan disbursement to

7pc Bangladesh families borrow to send children school

- Times Report -

Around 7 percent of families in Bangladesh have to borrow to send their children to school, according to a new UNESCO report. The UNESCO 2021/2 Global Education Monitoring Report was presented at the RewirEd Forum in Dubai recently. In Bangladesh, the share of urban households paying for private tuition increased from 48