Did You Know That The Export Development Fund EDF in Bangladesh is The Cheapest Loan Facility For Exporters?
The government of Bangladesh provides various facilities to exporters to promote export-oriented industries of the country. As part of the Export facilitation, it extends the cheapest export loan facility to the manufacturer exporters through the Central Bank of Bangladesh. Officially this loan is called EDF Loans. History of Export Development Fund (EDF) and Its Objective: The Government of Bangladesh Established the Export Development Fund (in short EDF) in 1989 with the support of the International Development Association (IDA). The primary size of this fund was USD31.2 million. The good news is, Bangladesh Government is increasing Export Development Fund to USD5.50 billion, The Daily Star, 28.03. 2021. Though the government established EDF to promote non-traditional manufactured items export business of Bangladesh, it is now not limited to that concept. This EDF loan intends to ensure access to finance in Foreign Currencies/ Foreign Exchange for the manufacturer exporters