Bangladesh Bank (BB) has signed agreements with seven banks for Tk 41,000 crore financing packages aimed at supporting productive and priority sectors of the economy. The agreements were signed at Bangladesh Bank headquarters in the presence of Deputy Governor Dr Md Kabir Ahmed, Executive Director Md Enamul Karim Khan, and senior officials of the central bank and participating banks. This initiative is part of a broader Tk 60,000 crore coordinated financing effort to stimulate the economy, create employment, diversify exports, and support productive sectors.
Of the Tk 41,000 crore fund, Tk 20,000 crore will be provided under a pre-financing scheme for supporting closed industries and the service sector. Additionally, Tk 5,000 crore will be allocated under a refinancing fund for the Cottage, Micro, Small and Medium Enterprises (CMSME) sector. Another Tk 3,000 crore will be provided under a refinancing scheme to promote export diversification.
A further Tk 10,000 crore has been earmarked for agriculture and rural sectors to boost agricultural production, ensure food security, and create employment. Besides, Tk 3,000 crore will be provided under a refinancing scheme to create a special agriculture-based economic hub in northern Bangladesh. The central bank said the financing initiative is intended to help maintain macroeconomic stability while supporting economic activities, investment, and employment.
The financing initiative also aims to ensure comparatively affordable financing through pre-financing and refinancing mechanisms. The agreements were initially signed with Sonali Bank PLC, Bank Asia PLC, Eastern Bank PLC, City Bank PLC, Dutch-Bangla Bank PLC, Pubali Bank PLC, and BRAC Bank PLC. On behalf of Bangladesh Bank, Director of the Supervisory Data Management and Analytics Department Md Abdul Mannan signed the agreements, while managing directors of the participating banks signed on behalf of their respective institutions.
Deputy Governor Dr Md Kabir Ahmed highlighted the importance and multifaceted role of the Tk 41,000 crore fund at the signing ceremony. Bangladesh Bank expects the participating banks to play an important role in channelling the funds to productive and priority sectors and in implementing the initiative effectively. This financing initiative is expected to significantly contribute to the economic growth and stability of Bangladesh by targeting critical sectors and ensuring the availability of affordable credit.
