Bangladesh, July 17 -- Bangladesh Bank (BB) has issued new directives providing policy support for the business and financial reconstruction of affected borrower institutions of all finance companies operating in the country.
The initiative aims to revive economic activities and facilitate the recovery of loans by helping potentially viable but financially distressed borrower institutions become operational and profitable again, said a BB circular on Thursday.
Under the new directives, the central bank has extended special loan rescheduling and reconstruction facilities to borrowers of finance companies, similar to the policy support already available for borrowers of banking companies.
The circular said the objective of the policy is to...