What is the Bangladesh Bank and Al-Arafah Islami Bank leather industry finance deal?
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Bangladesh Bank has facilitated a Tk 2,000 crore financing arrangement through Al-Arafah Islami Bank for the leather industry. This initiative aims to support leather producers, tannery owners, and exporters with working capital and investment loans. The leather industry is a major export sector for Bangladesh, and this financing helps address liquidity challenges and promote value-added exports. The deal reflects the central bank's targeted sector financing approach to boost export-oriented industries.