B Mirror Report: In a major step to strengthen the country’s export earnings and ensure a steady inflow of foreign currency, Bangladesh Bank (BB) has extended the tenure of the Export Facilitation Pre-finance Fund (EFPF) until December 31, 2030.

A circular issued by the central bank today provides details of the extension, originally set to expire soon, aimed at supporting the Ready-Made Garment (RMG) and other export-oriented sectors amid ongoing global economic uncertainties.

The Taka 10,000 crore fund, created from Bangladesh Bank’s own resources, will now operate as a revolving fund until the end of 2030. Loans will be distributed to eligible borrowers through participating commercial banks on a “First-Come-First-Serve” basis.

To ensure equitable allocation, a single company or industrial group can receive a maximum of Taka 200 crore from the fund at any one time. Scheduled banks wishing to offer loans under the scheme must first sign a Participation Agreement with Bangladesh Bank’s Banking Regulation and Policy Department-1.

To maintain transparency and effective management, participating banks are required to submit quarterly reports on fund distribution and recovery within 15 days after the end of each quarter, in April, July, October, and January.

The move is expected to help export-oriented industries sustain production, protect jobs, and enhance foreign currency earnings.