The agricultural mechanisation process in the country is facing significant delays as traders struggle with a financing crunch. With substantial capital tied up in letters of credit (LCs), importers with limited resources are unable to maintain the necessary volume of machinery imports.
Economy
Financing crunch hits agri-machinery imports, slowing mechanisation
Traders are struggling to import agricultural machinery due to a financing crunch caused by funds being tied up in letters of credit (LCs).
Source: TBS Bangladesh