IFC supports apparel, footwear and textile manufacturing companies in emerging markets, helping companies enhance productivity, strengthen supply chains, and expand economic opportunities and jobs.
Textile, apparel, and footwear companies are vital global employers and key drivers of economic growth in many emerging markets. Over the years, these companies have built strong partnerships with IFC to advance resource efficiency, enhance productivity, and strengthen supply chains. The sector already provides direct formal employment to over 60 million workers along its value chain, making it a crucial avenue for job creation and economic development. As the global population grows, so does the demand for everyday wear. This surge presents significant opportunities for apparel, footwear, and textile manufacturing, driving exports and GDP expansion in developing countries.
The industry also faces significant challenges. Textile, apparel, and footwear companies account for approximately 8% of the world’s greenhouse gas emissions and consume 79 trillion liters of water annually. Recognizing the importance of these industries to local economies and global value chains, IFC offers targeted financing and advisory support to help companies enhance competitiveness, improve sustainability, and contribute to global environmental and social goals.
How IFC Supports Companies in Apparel, Footwear and Textile Industry
- Advancing Resource Efficiency: IFC helps companies in the apparel, footwear and textile industry adopt energy- and water-efficient technologies. By improving resource management, these companies can reduce their environmental footprint while cutting costs and boosting operational resilience.
- Enhancing Productivity: Through advisory services, IFC assists companies in optimizing their operations and supply chains. This leads to increased productivity, higher quality products, and better market access, ultimately driving economic growth.
- Strengthening Supply Chains: IFC works with companies to build robust and sustainable supply chains. By fostering strong relationships with suppliers and promoting ethical sourcing practices, companies can ensure long-term stability and resilience.
- Supporting Sustainable Business Practices: IFC encourages the adoption of circular economy principles and sustainable business practices. This includes waste reduction, recycling, and the use of renewable resources, which contribute to a more sustainable and ethical industry.
IFC's support for companies in the apparel, footwear, and textile industry has a profound impact on the lives of people in emerging markets. By creating jobs and improving working conditions, IFC helps lift communities out of poverty and fosters economic empowerment. Sustainable business practices not only protect the environment but also ensure the long-term viability of the industry, benefiting future generations.
How IFC Delivers Impact in the Manufacturing Sector
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Sustainable Industrialization Knowledge Source
IFC is committed to building sustainable markets and supply chains that prioritize environmental responsibility while unlocking economic opportunities.
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Global Trade Supplier Finance
IFC provides short-term financing to small and medium-sized suppliers in emerging markets. The program helps improve supplier cash flow, build more resilient supply chains, and support the integration of smaller businesses into global trade networks.
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Project Preparation & Advisory
IFC offers tailored project preparation and advisory services that complement its investments — helping manufacturers improve performance, enter new markets, and adopt sustainable, inclusive business practices.
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Circularity
IFC helps companies design out waste and improve resource efficiency by rethinking how materials are sourced, used, and reused — advancing circular economy practices across key manufacturing sectors.