Bangladesh, July 16 -- The Bangladesh Bank (BB) has relaxed its regulations on external borrowing for fully foreign-owned industrial enterprises in a bid to attract fresh foreign direct investment (FDI) in Bangladesh.

Under the revised rules, fully foreign-owned industrial enterprises will be allowed to borrow from their parent companies, associate entities and overseas shareholders under a general authorisation framework, facilitating easier access to external financing.

"We've relaxed the rules on overseas borrowing by fully foreign-owned industrial enterprises, operating in Bangladesh, from their parent companies that will facilitate fresh inflows of FDI," a senior official of the Bangladesh Bank (BB) told The Financial Express (FE)...