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ILO, IFC to assess Bangladeshi factories to attract investments

The possible costs required for remediation of small and medium-scale apparel units in Bangladesh are now being calculated by the International Labour Organization (ILO) and International Finance Corporation (IFC). Launched last month, officials say, this joint exercise is part of the plan to help secure funds from different sources.

They added that a preliminary report is expected by the end of this month and the final report by the end of this year. The reports, they said can cite recommendations and a possible course of action. The two western retailers' groups expressed their concern over slow progress in remediation. The manufacturers had attributed this slow progress to crisis that delayed fixing problems in line with the corrective action plan (CAP). Apparel manufacturers said meeting the cost of remediation is a major obstacle for many factories.

Started last year, after completion of initial inspections by the western retailers, the programme is known as remediation. Around 3,000 garment factories have so far been assessed under the three initiatives-Accord, Alliance and the national initiative.

www.ilo.org

 
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