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IFC invests 4 million dollars in Haitian garment industry

The Haitian clothing sector, employing more than 29,000 workers and accounting for 90 percent of the country's exports and about 10 percent of its GDP, just got lucky: the International Finance Corporation (IFC), a member of the World Bank Group, announced last week that it decided to invest 4 million US dollars in garment maker The Willbes...

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Business

IFC to provide 50 million US dollars for Bangladesh's garment sector

After safety inspections and worker training, the safety campaign for the Bangladeshi garment industry just got another much needed boost: the International Finance Corporation (IFC) will support local banks by providing 50 million US dollars in financing and will form partnerships with leading international buyers. The IFC decided on this step...

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