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<h1 class="entry-title">Tag: Technology Development Fund</h1>
03 Sep

Bangladesh Bank: Dollar crisis to end soon

According to Bangladesh Bank, the ongoing dollar crisis is not expected to last long as they will take measures to let the market dictate the greenback's exchange rate. But there is a difference between banks making profits and businesses making profits. They [banks] have to maintain many responsibilities and regulations. Encouraging sustainable banking for promoting sustainable [...]
01 Aug

Central bank announces BDT 25,000 Cr refinancing scheme for CMSME

The central bank has announced the formation of a refinance scheme of  BDT 25,000 crore for the cottage, micro, small, and medium enterprises (CMSME) sector from the bank's own funds. According to a circular of the Bangladesh Bank's SME and Special Programmes Department, the three-year fund can be extended if necessary. Under the scheme, banks [...]
16 Apr

BB introduces €200m green transformation fund

Bangladesh Bank (BB) has introduced €200 million Green Transformation Fund (GTF) along with the existing US$200 million to set up environment-friendly infrastructures. A decision has been taken to introduce €200 million along with the existing $200 million. Accordingly, participating Authorized Dealers (ADs) will now be in a position to draw loans in euro from GTF [...]
16 Apr

9 banks, 5 FIs sign TDF scheme

A refinance scheme of BDT 10 billion in the name of Technology Development Fund/Upgradation (TDF) has been established in Bangladesh Bank. This fund has been established in conformity of 'Export Policy 2018- 21' with a view to enhancing competitive capacity and sustainability of the export oriented industries. The Sustainable Finance Department of Bangladesh Bank organized [...]