Home / Knowledge / News / BEPZA receives IFC's CEO Gender Award
BEPZA receives IFC's CEO Gender Award
29
Mar '12
The International Finance Corporation (IFC), a member of the World Bank Group, has recognized the Bangladesh Export Processing Zones Authority (BEPZA) as one of the top three winners of its annual CEO Gender Award for a project promoting the cause of nearly 200,000 women workers.

The project is the first of its kind to address gender issues within special economic zones, and is essential for Bangladesh, where women constitute 64 percent of workers. The project aims to establish the development impact and business case for investing in women in the workforce. The Zones Authority project is supported by the Bangladesh Investment Climate Fund, managed by IFC, in partnership with the UK Department for International Development and the European Union.

“Women's economic empowerment is vital if a special economic zone is to become an agent for long-term sustainable growth,” said A.K.M. Mahbubur Rahman, Member, Finance, Bangladesh Export Processing Zones Authority.

In order to promote the participation and advancement of women, the Authority has identified best global gender initiatives from eight countries, including both government and company policies. The Authority is now implementing similar initiatives in a pilot program at three levels: for workers, managers and entrepreneurs.

The Authority focuses on increasing access to finance and working with banks to design affordable savings and loan products for women workers, supervisory training comprising both technical and life skills, and increasing women's participation in worker welfare associations in zones. The project provides zone factories with incentives to fast-track women's career development opportunities.

"Implementing the gender program in export processing zones is important as zones serve as models for best practices to be replicated elsewhere," said Paramita Dasgupta, who leads IFC South Asia Investment Climate work. “The gender work in zones is particularly focused on improved and equal opportunities for women in zones.”

Special economic zones account for 1 percent of total global employment, and by moving Bangladeshi zones toward gender-inclusive employment policies, the project has the potential to change the lives of many women and their societies.

IFC, a member of the World Bank Group is the largest global development institution focused exclusively on the private sector. We help developing countries achieve sustainable growth by financing investment, providing advisory services to businesses and governments, and mobilizing capital in the international financial markets.

The International Finance Corporation (IFC)


Must ReadView All

Textiles | On 27th Jun 2017

Govt defers tax deduction at source provision under GST

E-commerce players in India will not be required to deduct tax on...

Apparel/Garments | On 27th Jun 2017

Future Group aims Rs 12,000 crore in fashion business

Future Group, which runs retail stores across India under various...

Textiles | On 27th Jun 2017

AEPC & NSDL to help exporters with GST compliances

Apparel Export Promotion Council (AEPC) and National Securities...

Interviews View All

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
July 2017

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search