Dhaka, July 23 -- Bangladesh Bank on Thursday issued a comprehensive Master Circular updating the operational guidelines for the Export Development Fund (EDF), allowing the repayment tenure of EDF loans to be extended up to a maximum of 270 days, subject to prior central bank approval.

The Foreign Exchange Policy Department of the central bank issued the circular to consolidate previously scattered directives and update foreign currency-based refinancing policies for export-oriented manufacturers importing raw materials and intermediate inputs.

Under the updated framework, regular EDF loans must be settled within 180 days, with the provision for extending the repayment window up to 270 days upon receiving prior approval from the central...