Bangladesh Bank data showed that the opening of letters of credit (LCs) rose by 4.5 per cent year on year (YoY) to $29.69 billion during July-November FY26.
The gradual pace reflects a wait-and-see approach by importers as political activity intensified ahead of the national election scheduled for February 12, 2026, bankers were cited as saying by a domestic media outlet.
Despite overall economic conditions slightly improving from last year’s disruption, the recovery remains fragile. Businesses are still grappling with tight bank liquidity, high borrowing costs and policy uncertainty.
While relative stability in the dollar market has eased immediate pressure, it has not been enough to restore confidence for a strong rebound in imports, according to domestic media reports.
Import activity had slumped sharply in mid-2024 amid a student-led movement that eventually led to the fall of the Sheikh Hasina government in August.
The unrest disrupted supply chains, delayed payments and worsened dollar shortages, forcing many businesses to halt procurement.
ALCHEMPro News Desk (DS)
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