News
31 October 2024

Cenbank trims Export Development Fund amid smuggling allegations

Region:
Americas

Bangladesh Bank has reduced the size of its Export Development Fund to $2.51 billion amid allegations some of the proceeds were being used by businesses to smuggle money abroad, says the bank. In alignment with conditions attached to a $4.7 billion loan from the International Monetary Fund...

Exclusive subscriber content…

If you are a TXF subscriber, please login to continue reading

Login

Not yet a subscriber? Join us today to continue accessing content without any restrictions

View our subscription options

Or to request access to TXF Intelligence contact us

Request Access

You might also like


Interview
06 February 2026

Perspectives: Kexim ups emphasis on equity and project fund...

Seung-Hoon Lee is now head of Export-Import Bank of Korea (Kexim’s) investment finance team, having recently been director of the new development finance team in the agency’s...

Video
12 February 2026

Dealmakers: Cenk Olcay Seran, ECC

TXF spoke with Cenk Olcay Seran, director of international development at ECC, to outline the EPC contractor's global footprint, from structuring DFI and ECA-backed debt for...