The Bangladesh Bank extended the increased borrowing limit from the Export Development Fund (EDF) for textile millers and garment makers to December 31 this year.

In January, the central bank raised the loan limit to $30 million from $25 million in order to help exporters offset the business slowdown originating from the coronavirus pandemic. The disbursement deadline was set for June 30, 2022.

Now, the facility for the members of the Bangladesh Textile Mills Association and the Bangladesh Garment Manufacturers and Exporters Association has been extended to December 31, according to a notice of the central bank. This is the third extension. The size of the EDF stands at $7 billion.