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$950,000.00 (Project budget includes all project-funded activities)
Last Updated Date
Nov 30, 2022
Project Estimated Start Date
Jan 1, 2021
Project Estimated End Date
Jun 30, 2024
Project Description
The project aims to strengthen Egypt's position in the Technical Textiles value chain through increased foreign investment, exports and local firm integration into the sector.
Development Results
The project aims to strengthen Egypt's position in the Textiles & Apparel value chain through increased foreign investment, exports and local firm integration into the Technical Textiles sector.
Indicator
Cumulative
Number of entities that implemented recommended changes
0
Investment generated (US$)
0
Number of investor/private partnership leads
0
Number of reports (assessments, surveys, manuals, Phase I/strategic option reports, research, analytical, evaluations, etc.) completed
10
Number of workshops, training events, seminars, conferences, etc.
1
Number of recommended procedures/firm-level policies/practices/standards that were improved or eliminated
null
Number of entities receiving advisory services
null
E&S Risks / Impacts and Mitigation
Performance Standard
Description and Potential Impact
Mitigation
PS 2. Labor and Working Conditions
As part of its Due Diligence process, IFC is in the process of reviewing project risks, including environmental and social (E&S) risks, and assessing the consistency of its advice with IFCs Performance Standards. Based on textile sector and context specific risks, the project has the potential for E&S risks in relation to labor, inadequate working conditions, pollution, community health and safety and/or impacts associated with exposure to hazards in the workplace due to lack of preventive or protection measures.
IFC's advice will be provided in a manner consistent with IFCs Performance Standards as defined in IFCs Policy on Environmental and Social Sustainability. Where relevant, IFC will assist the client in defining the protective working conditions measures to identify and manage E&S risks and impacts of the business activities supported by the project.
Press-Release
Additional Documents
Similar Projects
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.
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