Related Keywords: after two disasters in recent years, Asian Development Bank, Bangladesh BRAC Bank, Bangladesh second largest exporter, effluent treatment facilities, finance socially and environmentally sustainable projects, improve rights and safety of workers, meet global standards, signed loan agreement, textile and garments, upgradation of garment industry
Bangladesh is the world's second largest exporter of textiles and garments, accounting for over 80 percent of the country's merchandise exports in fiscal year 2014, and employs 4.2 million workers. But after two disasters in recent years – the 2012 Tazreen factory fire and the 2013 Rana Plaza building collapse. In the wake of these events Asian Development Bank (ADB) on Wednesday has signed a loan agreement with Bangladesh's BRAC Bank in Dhaka to meet global standards and improve the rights and safety of workers of textile and garment industry.
