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IFC pledges $50 million for garment workers’ safety in Bangladesh

08/07/2015

Global development institution, the Internation Finance Corporation (IFC), a member of the World Bank Group, has announced it will provide $50 million to local banks to help make Bangladesh’s garment industry safer for workers. “Bangladesh’s ready-made garment industry employs more than 4 million people—mostly women—in about 4,500 factories. The...

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