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Related Keywords: central bank, contributes fifty two percent to total exports, expenditure on textile and textile articles, garment exports to both traditional and non-traditional markets, imports plunged at a faster percent, improves in January, increase recorded in fabrics imports, international market, Sri Lankan export earnings from textiles and garments

Sri Lankan export earnings from textiles and garments, which contributed nearly 52 percent to the total exports, improved by 13.3 percent in January 2016, reversing the declining trend prevailed in last quarter of 2015.

But actually exports declined 2.5 percent to 893.9 million US dollars in January 2016 from a year earlier while imports plunged at a faster 5.5 percent to 1,589.1 million US dollars, according to official data.

Related Keywords: Bangladesh Garment Accessories, Bangladesh Textile Mills Association, Bangladeshi dyed yarn exporter, central bank, Export development fund, financial support, special fund, the Bangladesh Dyed Yarn Exporters' Association

Bangladeshi dyed yarn exporters to get financial support to help speed up export growth. They will be provided with credit support from Export Development Fund (EDF), a special fund of the central bank.

According to a circular of the central bank, issued on Tuesday, members of the Bangladesh Dyed Yarn Exporters' Association (BDYEA) will be eligible to get financial support from the EDF.

Related Keywords: Bangladesh textile makers, BTMA, central bank, Export development funds, exporter, manufacturer

The Bangladeshi textile and garment makers were entitled to receive Export Development Funds (EDF) loans upto $12 million at 2.5 percent interest rate. But now, the central bank has increased the limit for manufacturers and exporters to borrow from the EDF to $15 million. Textile and garment makers will benefit from the central bank's move, said BTMA President Jahangir Alamin.