Bangladeshi garment exporters seek extension of loan repayment period

According to a report by Bangladesh’s “Financial Express” on January 18, in view of the uncertainty caused by the second wave of the new crown epidemic, the Bangladesh Garment Manufacturers and Exporters Association once again asked Bangladesh The government is seeking to extend the repayment terms of its loan portfolio. Bangladeshi garment exporters are in an awkward position as garment buyers adopt new methods to manage their supply chains amid the second wave of the coronavirus pandemic, industry insiders said. Bangladeshi exporters noted that buyers are now delaying orders and splitting them into smaller orders with shorter lead times. In the latest communication between the Bangladesh Garment Manufacturers and Exporters Association and the Bangladesh Finance Ministry, concerns over the practices of international buyers were noted.