Tag Archives: International Finance Corporation

Energy efficiency is all the rage these days. A much less talked about issue is water efficiency and sustainability at industrial level. This is where projects like the International Finance Corporation (IFC) PaCT (partnership for cleaner textile) come in because the apparel industry account for about 80 percent of the country's exports.

As Bangladesh looks down the barrel of two humanitarian disasters beyond its control, its government and garment industry risks manufacturing a third. In August, once-in-a-century floods left one third of the country underwater, killing at least 145 people, displacing 300,000, and decimating swathes of Bangladesh’s agricultural heartland. As the water settles and recedes, aid workers say they desperately lackthe supplies needed to stave off disease.

The International Finance Corporation (IFC) will assist Bangladesh in boosting exports from many newer priority sectors other than apparel to enhance the country's manufacturing competitiveness worldwide.