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of <h1>Central Bank Expands Infrastructure Definition in ECB Policy to Include Mining, Exploration & Refining; Effective Immediately.</h1> The circular issued by the central bank addresses the liberalization of the External Commercial Borrowings (ECB) policy. It expands the definition of the Infrastructure sector to include mining, exploration, and refining, alongside existing sectors like power, telecommunication, and transportation. This change aims to promote development in these newly included sectors. The expanded definition is effective immediately, while other aspects of the ECB policy, such as borrowing limits and eligibility criteria, remain unchanged. Amendments to relevant regulations will be notified separately. Authorized banks are instructed to inform their clients of these updates.
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