1) The document discusses financing strategies to transform Bangladesh's garment industry to reach $50 billion by 2021 through urgent short-term needs and important long-term goals.
2) A two-stage financing strategy is proposed, with Stage 1 focusing on realizing short-term goals through initiatives like soft loans, and Stage 2 focusing on long-term goals like infrastructure development through partnerships with development organizations.
3) Both stages require billions of dollars in investment and outline action plans to develop the industry through measures like improving access to financing for SMEs and workers, increasing foreign investment, and diversifying markets.
7. "We consider Bangladesh free from major macroeconomic
imbalance despite several fiscal constraints, a low income
economy and heavy development needs."
Standard and Poor (S&P)
8. FINANCING STRATEGY
What is urgent
vs.
What is important
A two-stage strategy is proposed
to finance the RMG sector of the country
Identify
14. in investment is what the RMG industry
needs over five years, to make long-term
improvements needed to effectively
support its reform process and achieve
self-sustainability
US $
Stage1.
Invest in achieving
Short Term Goals
>1b
16. Soft Loan by
JICABDT1B
VF-IFC to
InvestUS$10M
RMG remediation finance
guidelines developed by Accord
Credit Facility
by AllianceUS$35M
Remediation Financing: Developments
20. Everyone has the right to life, the right to work,
to free choice of employment, to just and
favorable conditions of work.”
Universal Declaration on Human Rights
29. "Bangladesh shows us that even in circumstances
that seem the most hopeless there are ways forward
if the right strategies are applied, and if the right
combination of investments is made"
Jeffrey Sachs, Earth Institute, Columbia University
31. in investment is what the RMG industry
needs, over ten years, to make the long-
term improvements needed to effectively
build on its large export base and sustain
future growth
Stage2.
Invest in Achieving
Long Term Goals
US $
1b
41. “In my experience, poor people are the world's greatest
entrepreneurs. Every day, they must innovate in order to survive.
They remain poor because they do not have the opportunities to
turn their creativity into sustainable income.”
Nobel Laureate Dr. Muhammad Yunus
49. Bangladesh is one of the hottest emerging
market having the potential of attracting
increased foreign investment.
Investor Chronicle, a UK based research organization
51. The Next Eleven (N-11) are eleven countries among which
Bangladesh has a high potential of becoming one of the
world's largest economies along with BRICS.
Goldman Sachs research report
52. We Need Initiatives From All Fronts
Governments
Financial
Institutions
Buyers
Development
Partners