The International Finance Corporation, a member of the World Bank Group, has announced a programme to make Bangladesh’s garment industry safer for workers, providing million to five local banks and forming partnerships with leading international buyers.
This is IFC’s first deployment of long-term financing to Bangladeshi banks, according to a statement. The initiative comes as many factories have found it difficult to access the capital needed to make the improvements necessary to meet buyers’ standards.
Textile Technology Business Center inaugurated at BGMEA complexNovember 20, 2022
IFC-led PaCT helped factories cut carbon and water footprints: BGMEASeptember 12, 2022
Sustainability plan vital to RMG sectorAugust 4, 2022