The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has requested a Tk54-crore ($4.5-million) soft loan from the Bangladesh Bank to support 39 garment factories facing financial difficulties that are now struggling to maintain full-scale production due to disruptions caused by the recent labour unrest.
In a letter to the country’s finance adviser, BGMEA outlined these concerns and urged the central bank to assess the situation and facilitate the required loan.
The Bangladesh Garment Manufacturers and Exporters Association has requested a Tk54-crore ($4.5-million) soft loan from the Bangladesh Bank to support 39 garment units facing financial difficulties and struggling to maintain full-scale production due to disruptions caused by the recent unrest.
The loan will ensure timely payment of wages to around 56,000 workers employed at these factories.
The loan will ensure timely payment of wages to around 56,000 workers employed at these factories, according to domestic media reports.
Fibre2Fashion News Desk (DS)
