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DHAKA – The Asian Development Bank (ADB) has signed the loan agreement with BRAC Bank under the US$30m loan facility which will be used to finance the construction and upgrade of ready-made garment factories in Bangladesh. The loan will also be used to build badly needed effluent treatment facilities in the textile and garment industry, with many factories in the country still operating without effluent treatment plants, resulting in widespread water pollution which is particularly damaging in rural areas.

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Founded in 2006, Ecotextile News is the environmental magazine for the global textile and fashion industries and provides unrivalled daily coverage, comment and expertise in both print and online formats.

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