BTC Project
This Summary of Advisory Services Project Information (ASPI) is prepared by IFC to disclose a factual summary of the main elements of this advisory services project. It may also include findings and recommendations related to environmental and social considerations regarding this project. The purpose of the ASPI is to enhance the transparency of IFC's activities. For any project documentation or data included or attached herein, whether prepared by the project sponsor or otherwise, authorization has been given for public release by the client. IFC considers that this ASPI is of adequate quality for release to the public, but has not necessarily independently verified all of the project information therein.
It is distributed within sixty days of project's approval and may be updated periodically afterwards. Total budget and start dates are estimates only. The following ASPI is disclosed in accordance with IFC's Access to Information Policy (AIP) that went into effect on January 1, 2012.
The map is for illustrative purposes and does not imply the expression of any opinion on the part of the World Bank, concerning the legal status of any country or territory or concerning the delimitation of frontiers or boundaries. Country borders or names do not necessarily reflect the World Bank Group's official position. In some cases, available project location information is limited to the country of the project's activities. Locations are approximate.
It is distributed within sixty days of project's approval and may be updated periodically afterwards. Total budget and start dates are estimates only. The following ASPI is disclosed in accordance with IFC's Access to Information Policy (AIP) that went into effect on January 1, 2012.
The map is for illustrative purposes and does not imply the expression of any opinion on the part of the World Bank, concerning the legal status of any country or territory or concerning the delimitation of frontiers or boundaries. Country borders or names do not necessarily reflect the World Bank Group's official position. In some cases, available project location information is limited to the country of the project's activities. Locations are approximate.
Summary of Advisory Services Project Information
Project Number
599982
Primary Business Area
Cross-Industry Advisory Services
Disclosure Date
Jun 3, 2015
Country
Bangladesh
Region
South Asia
IFC Approval Date
Apr 16, 2015
Status
Completed
Estimated Total Budget
$2,924,160.00
(Project budget includes all project-funded activities)
Last Updated Date
Jun 3, 2015
Project Estimated Start Date
Project Estimated End Date
Jun 30, 2017
Project Description
The objective of the BTC program is to strengthen the sustainability of the RMG sector through strategic IFC advisory that addresses specific market failures. Proposed interventions will focus on i) specific elements of industry competitiveness, namely: access to better jobs for women and improved productivity; and ii) increased access to remediation finance for factories to strengthen the supply chain.
The program of work proposed in this strategy builds on a long and successful track record of IFC engagement in the sector and with the stakeholders that are needed for the program to succeed. These existing relationships and record of achievement are essential for progressing some of the critical changes that are needed.
The program of work proposed in this strategy builds on a long and successful track record of IFC engagement in the sector and with the stakeholders that are needed for the program to succeed. These existing relationships and record of achievement are essential for progressing some of the critical changes that are needed.
Development Results
E&S Risks / Impacts and Mitigation
Development Results
Through a set of interventions aimed at worker-, factory- and sector-level, this project will contribute to improving the competitiveness of the Bangladesh readymade garment (RMG) sector. The project seeks to improve opportunities for women, and improve working conditions through increased access to remediation finance for factories to make necessary improvements in the area of fire safety. Collectively, these interventions and those of development partners will contribute to improving the physical infrastructure and the work and safety culture of factories. In doing so, the project will contribute to providing safer, more sustainable employment for workers in factory jobs which are held by a high percentage of women.
| Indicator | Calendar Year 2020 Results | Cumulative Results as of 2020 |
|---|---|---|
| Number of trainers trained | Not Available | 5 |
| Number of training modules and new products developed | Not Available | 3 |
| Number of new financial products designed | Not Available | 4 |
| Number of participants providing feedback on satisfaction | Not Available | 254 |
| Number of participants reporting satisfied or very satisfied with workshops, trainings, seminars, conferences, etc. | Not Available | 198 |
E&S Risks / Impacts and Mitigation
| Performance Standard | Description and Potential Impact | Mitigation |
|---|---|---|
| PS 1. Assessment and Management of Environmental and Social Risks and Impacts | As part of its Due Diligence, and as mandated by IFC's Sustainability Policy, IFC team has screened this project to assess consistency with IFC's Performance Standards.
The principles of the relevant Performance Standards have been applied to the project design. Environmental and social risks will continue to be reviewed throughout the life-cycle of the project. | IFC's advice will be provided in a manner consistent with the principles of the relevant Performance Standards and will provide recommendations for appropriate mitigation measures whenever warranted. |
| PS 2. Labor and Working Conditions | As part of its Due Diligence, and as mandated by IFC's Sustainability Policy, IFC team will screen this project to assess consistency with IFC's Performance Standards.
The principles of the relevant Performance Standards have been applied to the project design. Environmental and social risks will continue to be reviewed throughout the life-cycle of the project. | Accidents may happen even after taking all preventive measures. The project will put in place the best possible training and capacity building program to reduce the risk as much as possible.
IFC's advice will be provided in a manner consistent with the principles of the relevant Performance Standards. The IFC team will assist the client, as the final decision maker, in gaining a good understanding of IFC's Performance Standards and will provide recommendations for appropriate mitigation measures whenever warranted. |
Development Results
Expected Development Impact
Through a set of interventions aimed at worker-, factory- and sector-level, this project will contribute to improving the competitiveness of the Bangladesh readymade garment (RMG) sector. The project seeks to improve opportunities for women, and improve working conditions through increased access to remediation finance for factories to make necessary improvements in the area of fire safety.
Collectively, these interventions and those of development partners will contribute to improving the physical infrastructure and the work and safety culture of factories. In doing so, the project will contribute to providing safer, more sustainable employment for workers in factory jobs which are held by a high percentage of women.
Development Results
| Indicator | Calendar Year 2020 Results | Cumulative Results as of 2020 |
|---|---|---|
| Number of trainers trained | Not Available | 5 |
| Number of training modules and new products developed | Not Available | 3 |
| Number of new financial products designed | Not Available | 4 |
| Number of participants providing feedback on satisfaction | Not Available | 254 |
| Number of participants reporting satisfied or very satisfied with workshops, trainings, seminars, conferences, etc. | Not Available | 198 |
E&S Risks / Impacts and Mitigation
E&S Risks / Impacts and Mitigation
| Performance Standard | Description and Potential Impact | Mitigation |
|---|---|---|
| PS 1. Assessment and Management of Environmental and Social Risks and Impacts | As part of its Due Diligence, and as mandated by IFC's Sustainability Policy, IFC team has screened this project to assess consistency with IFC's Performance Standards.
The principles of the relevant Performance Standards have been applied to the project design. Environmental and social risks will continue to be reviewed throughout the life-cycle of the project. | IFC's advice will be provided in a manner consistent with the principles of the relevant Performance Standards and will provide recommendations for appropriate mitigation measures whenever warranted. |
| PS 2. Labor and Working Conditions | As part of its Due Diligence, and as mandated by IFC's Sustainability Policy, IFC team will screen this project to assess consistency with IFC's Performance Standards.
The principles of the relevant Performance Standards have been applied to the project design. Environmental and social risks will continue to be reviewed throughout the life-cycle of the project. | Accidents may happen even after taking all preventive measures. The project will put in place the best possible training and capacity building program to reduce the risk as much as possible.
IFC's advice will be provided in a manner consistent with the principles of the relevant Performance Standards. The IFC team will assist the client, as the final decision maker, in gaining a good understanding of IFC's Performance Standards and will provide recommendations for appropriate mitigation measures whenever warranted. |
Additional Documents
No related documents.
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