According to the notice issued Monday, banks and non-bank financial institutions (NBFIs) have been instructed to integrate all sorts of industries including export-oriented ones owned by foreign or foreign-domestic entrepreneurs under the stimulus packages. Previously, foreign companies under the Bangladesh Economic Zone Authority (BEZA), the Bangladesh Export Processing Zones Authority (BEPZA), and Hi-Tech Parks enjoyed such facilities. Definitely, such kind of equal treatment to foreign investors is bound to garner a reputation in the global market,” he added. The local and foreign companies will be able to avail loans from the stimulus packages through banks and NBFIs, so they can continue production and generate employment, he added. Also Read - No transparent information on FY22 stimulus packagesPrior to the issuance of the notice, foreign investors had demanded to be given access to the stimulus funds through the Foreign Investors Chamber of Commerce and Industry (FICCI).

Source: Dhaka Tribune July 13, 2021 14:03 UTC