Bangladesh, Nov. 2 -- Access to affordable foreign currency financing has become increasingly important for sustaining international trade, industrial production and investment amid challenging economic environment in Bangladesh, said ICC Bangladesh President Mahbubur Rahman.

Advertisement Mr Rahman said Bangladesh was facing inflationary pressures, foreign exchange constraints, subdued private sector investment and global trade uncertainties. Bangladesh Bank's tight monetary policy, aimed at containing inflation, had also contributed to slower private sector credit growth.

Highlighting the importance of innovative financing instruments, he said Usance Payable at Sight (UPAS) Letters of Credit enable importers to enjoy extended payment...