BGMEA seeks export incentive funds to pay wages to Bangladesh workers

Bangladesh Bank Signals Swift Action to Ease Garment Sector Liquidity Strain Ahead of Eid

Former Bangladesh Bank Governor Dr Ahsan H Mansur pledged policy support and the accelerated disbursement of outstanding export incentives to help garment manufacturers navigate a deepening liquidity crisis ahead of Eid-ul-Fitr, as factories move to secure wages and bonuses for millions of workers. The assurance was delivered at an emergency meeting at the central bank […] The post Bangladesh Bank Signals Swift Action to Ease Garment Sector Liqu…

BGMEA seeks export incentive funds to pay wages to Bangladesh workers

Trade body BGMEA recently urged Bangladesh Bank governor Ahsan H Mansur to release export incentive funds so that factories can pay wages and bonuses ahead of the Islamic festival of Eid-ul-Fitr. Its representatives said delayed disbursements are pushing factories into a severe liquidity crisis. Around Tk 57 billion in textile and garment sector incentives remain unsettled in this fiscal.Trade body BGMEA recently urged Bangladesh Bank governor A…