But the president of the Bangladesh Garment Manufacturers and Exporters Association said they need one more year to repay the loans. Her letter is as follows:“Open Letter from BGMEA president Dr Rubana HuqThis is one of the most tragic turns in our industry. Reality today:The commercial banks have been instructed by Bangladesh Bank to arrange repayment of the stimulus package by 3rd week Jan, 2021. And the industry, amidst the second wave of Covid is taking a deep plunge into uncertainty. RMG has had consecutive downturn in export in December by 9.64%, which wrapped up the annual export performance for 2020 with an unprecedented fall of 16.94%.

Source: bd News24 January 07, 2021 21:00 UTC