The banks have a significant opportunity to extend services to an overwhelming number of the country’s three million readymade garment workers so that they can have access to savings and credit products, a study released by The International Finance Corporation (IFC), a member of the World Bank Group, finds.

The study analysed how barriers to access to finance for 86 percent employees of the $-16 billion readymade garment industry can be addressed, said a press release.

The South Asia Enterprise Development Facility, managed by IFC in partnership with the UK Department for International Development and the Norwegian Agency for Development Cooperation, and the Bangladesh Investment Climate Fund, managed by IFC in partnership with the UK Department for International Development and the European Union, carried out the study.

The Daily Sun/Bangladesh/ 20th June 2012