DHAKA – The International Labour Organization (ILO), in collaboration with the German Development Cooperation (GIZ), Bangladesh’s government and stakeholders native to the Southeast Asian nation, have developed an employment injury insurance scheme for the country’s ready-made garment (RMG) sector.
The initiative, first ideated back in 2015, looks set to be introduced for a trial phase from April and will cost an estimated US$7.4 million a year to operate, a figure that it’s expected will be paid for by stakeholders both at the national and international level.
It will look to develop robust social protection infrastructure for the compensation of workers in line with existing global labour standards.
