Dhaka, Sept. 30 -- An initiative has been taken to bring private sector foreign loans under surveillance. For this purpose, private entrepreneurs have been instructed to provide information on loans taken from abroad to be included in the Credit Information Bureau (CIB) database of Bangladesh Bank.
Additionally, details such as the quality of these loans, the country of origin, the currency in which the loan was taken, and the approving authority must also be submitted. Starting from November, in
formation for the previous month must be submitted every month.Bangladesh Bank issued this directive in a circular on Monday. It stated that the step has been taken to manage risks of foreign loans (including suppliers' credit), enhance accountab...