Dhaka, May 12 -- Bangladesh Bank has signaled its intent to support the revival of closed industrial units through a strategic refinancing package, but has firmly ruled out blanket bailouts for non-viable or willfully defaulted businesses.

The decision came following a high-level meeting between central bank officials and a delegation of industrial stakeholders at the Bangladesh Bank headquarters on Monday. Bangladesh Bank Governor Md. Mostaqur Rahman chaired the meeting.

During the meeting, stakeholders raised concerns about the growing number of shuttered factories. In response, the central bank clarified that while a refinancing package reportedly around Tk 40,000 crore is being considered, the support will be strictly merit-based. ...