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Bangladesh: garment sector fears withdrawal of government cash

06/02/2024

The garment manufacturing sector in Bangladesh has said it fears the effect a change in government policy might have on the industry.

Bangladesh’s status as a Least Developed Country is coming to an end. The United Nations Committee for Development Policy recommended Bangladesh’s ‘graduation’ from Least Developed Country status in 2021, but it has allowed a preparatory period of five years for this change to take effect rather than the expected three, owing to the covid-19 pandemic.

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