Bangladesh, July 24 -- Bangladesh Bank has tightened the eligibility criteria for Export Development Fund (EDF) loans, barring exporters with overdue export proceeds or converted EDF liabilities from accessing the foreign-currency lending facility unless they regularise their position.

Advertisement Exporters that fail to repatriate export proceeds within the prescribed timeframe, or whose EDF liabilities have been converted into funded facilities, will no longer qualify for EDF financing, according to the circular issued by Bangladesh Bank (BB) on Thursday.

However, such exporters may regain eligibility once the overdue export proceeds have been repatriated or an exemption has been granted by the Discount Committee, the circular said....