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Bangladesh’s Textile, RMG Sectors Get $256.5M in Energy-Efficiency Funding

COVID-19 recovery is on the horizon but the pandemic's impact on sustainability, retail, product development and consumer buying patterns means the denim industry must evolve. Join Rivet on April 20th at 11 am ET for the COVID, One Year Later roundtable.

The United Nations-backed Green Climate Fund (GCF) has approved $256.5 million in funding to help Bangladesh promote the large-scale adoption of energy-saving technologies and equipment in its textile and ready-made garment (RMG) sectors. The disbursement, announced last week, will mark the first concessional GCF credit line for the South Asian nation, whose pandemic-battered garment industry…

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