14.44 million (USD)

Product Line	IFC Investment (million USD)
Risk Management
Guarantee
Loan	14.44
Equity

* These investment figures are indicative

Stakeholder's impacts: i. Employment Growth: The Project will create 5,900 additional jobs, mostly for women. ii. Employee skills/know-how: The Project is going to attract skilled recruits and further develop their skill sets through various training program required by the new technologies and product range, and thus adding to the skilled workers base in Bangladesh. iii. Effect on emissions and waste generation: EKWL's new factory will be a LEED certified green factory. Market impact: i. Contribution to Market Creation: The project, along with IFC's advisory services engagements in Bangladesh, has the potential to promote greater market sustainability and intergration in the RMG sector in Bangladesh. ii. Impact on market emissions and waste generation: The project, along with IFC's advisory services engagements in Bangladesh, will help foster adoptioin of environmental and social sustainability principles by firms and consumers across the sector through direct capacity building channels and demonstration effects as a result of EKWL's success. iii. Increasing manufacturing complexity: The Project is expected to upgrade the company to a more value adding level, involving advanced products, innovative product development, automated production technology and up-grading of professional skills of the personnel. It could potentially be the model that other factories will follow as Bangladesh is climbing up to higher value garment products.

i. Provide long-term foreign exchange financing which would otherwise be difficult to secure in the current market scenario to support a local player to expand its core business. ii. Continue to integrate EKWL into various RMG/Textile-focused IFC advisory programs such as the Buyer's Forum and Better Works programs, which are geared towards improving compliance, competitiveness, energy efficiency, and labor welfare at firm and industry levels. iii. Assist EKWL to formulate and implement E&S action plan to expand social/labor management systems for inclusion of environmental, occupational, health and safety (OHS) guidelines and enhance OHS management systems.

Please refer to the related Environmental and Social Review Summary (ESRS) document for this project.

Please refer to the Environmental and Social Action Plan (ESAP) tab in the related Environmental and Social Review Summary (ESRS) document for this project.