Bangladesh Bank eases rules for foreign-owned firms to take foreign loans
Bangladesh Bank has further simplified the rules for 100% foreign-owned industrial enterprises operating in Bangladesh to obtain loans from abroad. Under the new policy, these enterprises will be able to take short, medium, and long-term foreign loans from parent companies, associate firms, or foreign shareholders under relatively easier conditions. On Tuesday (July 15), Bangladesh Bank issued a directive in this regard. The new policy will apply to 100% foreign-owned industrial enterprises operating within the country and in Export Processing Zones (EPZs), Private EPZs (PEPZs), Economic Zones (EZs), and Hi-Tech Parks.