Dhaka, Feb. 24 -- Bangladesh Bank Governor Dr Ahsan H Mansur on Tuesday pledged policy backing and faster disbursement of pending export incentives to help garment manufacturers navigate a mounting liquidity crisis ahead of Eid-ul-Fitr, as factories scramble to pay wages and bonuses to millions of workers.
The assurance came at an emergency meeting held at the central bank headquarters with a delegation from the Bangladesh Garment Manufacturers and Exporters Association (BGMEA), led by Senior Vice President Inamul Haq Khan and Vice President Md Shihabuddoja Chowdhury.
BGMEA officials described a 'deep crisis' gripping the ready-made garment sector, which accounts for the bulk of Bangladesh's export earnings.
They said February's produc...
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