But from Sunday, the apparel exporter, who is based in Chittagong, has to begin servicing for the loan he took from the government’s stimulus fund for the export-oriented industries. “When I took on the loan from the stimulus package, I thought I would be able to realise the $1 million in arrears from my global buyers,” says the anxious exporter. Like him, there are hundreds of others in the same boat, all praying for an extension of the grace period to repay the stimulus funds. “The stimulus fund from the government enabled me to stay afloat. There is simply a cash flow crisis among the apparel exporters at present, said Shahidul Islam, managing director of Eurotex Group.

Source: Dhaka Tribune January 17, 2021 20:15 UTC