Inditex backs $400m supplier fund

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Inditex and the International Finance Corporation are leading a new $400 million fund to finance improvements across textile supply chains

MADRID – Inditex and the International Finance Corporation (IFC) have launched a fund seeking up to $400 million to help textile, apparel and footwear manufacturers in emerging markets cut their environmental impact.

The Decarbonization of Textile, Apparel, & Footwear Suppliers (D-TAFS) Fund, developed by Social Investment Managers & Advisors (SIMA) and the IFC, will provide long-term debt finance to suppliers, mainly small and medium-sized enterprises (SMEs).

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