Bangladesh’s central bank, Bangladesh Bank, recently organised an awareness programme for the apparel industry.
Titled ‘Program to Support Safety Retrofits and Environmental Upgrades in the Bangladeshi RMG Sector or SREUP’, Bangladesh Bank’s awareness programme was attended by representatives from the lead partner of the project French Development Agency (AFD), the European Union (EU), KfW, potential beneficiaries from RMG sector, PFIs, BGMEA and RMG Sustainability Council (RSC), which aims to make available soft loans to the industry players though the PFIs for safety retrofitting and environmental and social upgradation of the factories.
As per reports, SREUP is designed to strengthen the sustainability of the apparel sector through the credit facility of € 50 million provided by AFD and € 10.29 million grant from EU and KfW.
The central bank on behalf of the Bangladesh Government is also, reportedly, providing € 0.99 million as credit.
