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Over the years, IFC has drawn on its global and local experience and has provided a combination of investments and advisory services in Bangladesh. As of June 2018, IFC’s committed portfolio in Bangladesh is around:
IFC promotes sustainable growth and private sector development in Bangladesh through investing in critical infrastructure; boosting financial inclusion; enhancing textiles competitiveness and supporting reforms to make doing business easier for private sector
STORIES OF IMPACT
Transforming the Garment Sector: Bangladesh’s garments and textiles sector accounts for 80% of the country’s total export earnings and 20% of its GDP. The sector is committed to becoming globally competitive and safe for its employees. Over the past two years, IFC and the ILO launched the Better Work program, which helps factories comply with water- and energy-efficiency methods. IFC and Accord and Alliance, which represents the world’s leading garment brands, are supporting the campaign to implement fire and building safety measures in the country's supplier factories. Additionally IFC is also providing long-term financing to local banks and forming partnerships with leading international buyers, to make the garment industry safer for its workers.
Published in March 2018