The garment sector is Bangladesh’s top employer—reducing poverty for millions of workers, mostly women. IFC works on many fronts to improve the sector’s environmental and social standards and build its global competitiveness:
The tragic April 2013 Rana Plaza building collapse prompted unprecedented collaboration to improve worker safety. Today the industry is committed to becoming globally competitive and safe for employees.
IFC provides long-term financing to local banks and forms partnerships with leading international buyers to make the garment industry safer for its workers.