Foreign, JV firms eligible for stimulus funds

Staff Correspondent

13 July, 2021 12:00 AM printer

The government has included foreign and joint-venture industries in the current stimulus packages announced to help them mitigate pandemic shocks.

Bangladesh Bank issued a circular in this regard on Monday. The industries located in Bangladesh Economic Zone authority (BEZA), Bangladesh Export Processing Zone Authority (BEPZA) and Hi-Tech Park are already on the list of stimulus package recipients.

Under the new announcement, the foreign and joint-venture industries with partial Bangladeshi ownership outside the BEZA, BEPZA and Hi-Tech Park will also receive the stimulus funds. The central bank’s circular stated that as per the decision of the government, the banks and non-bank financial institutions can now disburse loans to those industries from the stimulus packages.