Economic Reporter :
Bangladesh Bank (BB) has signed a cooperation agreement with the International Finance Corporation (IFC) to manage environmental and social risks in the country’s textile sector.
The agreement – Environmental and Social Risk Management (ESRM) for the textile sector – was signed on Tuesday at the central bank headquarters in the capital, a BB press release said Wednesday.
Under the agreement, BB and IFC would jointly carryout the preparatory work for formulating a policy guidelines to manage the environmental and social risks in the textile sector.
Besides, bankers and employees of the textile and readymade garment sectors would also be provided with necessary training on the guidelines and the risks management procedures.
“This agreement would help reduce environmental and social risks of banks and financial institutions in investing in the textile sector”, said BB deputy governor SK Sur Chowdhury, speaking at the signing ceremony.
Bangladesh Bank (BB) has signed a cooperation agreement with the International Finance Corporation (IFC) to manage environmental and social risks in the country’s textile sector.
The agreement – Environmental and Social Risk Management (ESRM) for the textile sector – was signed on Tuesday at the central bank headquarters in the capital, a BB press release said Wednesday.
Under the agreement, BB and IFC would jointly carryout the preparatory work for formulating a policy guidelines to manage the environmental and social risks in the textile sector.
Besides, bankers and employees of the textile and readymade garment sectors would also be provided with necessary training on the guidelines and the risks management procedures.
“This agreement would help reduce environmental and social risks of banks and financial institutions in investing in the textile sector”, said BB deputy governor SK Sur Chowdhury, speaking at the signing ceremony.
