IFC INVESTS TO HELP BANGLADESH HIT INTERNATIONAL CLOTHING MANUFACTURE STANDARDS
March 1st, 2007
BY KEITH NUTHALLTHE INTERNATIONAL Finance Corporation (IFC), of the World Bank, has signed a deal with the Bangladesh Centre for Advanced Studies to help raise the social and environmental standards of the country's clothing manufacture sector towards globally-recognised models. With Bangladesh fighting to maintain the competitiveness of its key 2.2 million employee clothing sector against Chinese competition, the IFC has concluded in a statement: "Compliance with global environmental and social standards is a critical issue." However welcoming the deal, the ...
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