Fact Sheet: Building a Sustainable Textile and Apparel Market in Bangladesh
2 pages | © December 2017 IFC | Complimentary
Bangladesh’s $28 billion textile and apparel industries are vital to its economy—generating 20 percent of GDP and over 80 percent of export earnings, while employing 4.5 million people, mostly women. However, to continue doing business with major clothing brands, suppliers must meet international standards for working conditions and environmental impact. IFC’s package of advisory and financial services helps Bangladesh reach that goal. By partnering with the government, over 30 multinational brands, supplier factories, and other key stakeholders, IFC helps to raise social and environmental standards, while boosting productivity and competitiveness in these crucial sectors.