The UN's International Labor Organization (ILO) and the World Bank Group's International Finance Corporation (IFC) have announced the launch of a new Better Work programme in Uzbekistan. The project will aim to improve working conditions and drive competitiveness in the country’s key textile and garment industry.
A corresponding memorandum of understanding (MoU) has been signed by the ILO, IFC and Uzbekistan. It will cover activities over the next 24 months, such as promoting labour standards and competitiveness in textile and garment factories through compliance assessments, training and advisory services.
“The agreement represents a major milestone for Uzbekistan on its journey to opening up its cotton, textile, and garment production to new export markets. Uzbekistan is among the top 10 cotton producers worldwide, and the sector has been undergoing significant reforms in recent years. Better Work will act as an industry convener and help ensure labor standards are upheld in Uzbek textile and garment factories,” stated a Better Work initiative press release.
“The programme will support the sustainable growth of textile and garment manufacturing, which has the potential to create thousands of new, decent jobs for mostly women garment workers in rural areas across the country,” addedConor Boyle, officer-in-charge of Better Work.
Don’t just follow the news—understand it.
The IntelliNews PRO service includes access to reports, exclusive market data, and more news that decision-makers care about. Stay ahead of the market with IntelliNews PRO.
Sign Up NowRelated Articles
Eurasian Development Bank redeems €286mn Eurobond
The Eurasian Development Bank (EDB) said on March 26 it had fully redeemed a five-year Eurobond, meeting all obligations to investors at maturity. The bank paid a total of €286mn, covering both ... more
Georgia’s TBC Bank weighs up separate IPO for TBC Uzbekistan digital bank
London-listed TBC Bank Group PLC (LON: TBCG) is weighing up conducting a separate initial public offering (IPO) for its TBC Uzbekistan digital bank business. Reuters on February 24 ... more
IndiGo cancels Central Asian flights until late February over Iran tensions
Indian budget carrier IndiGo has cancelled all flights to and from Tbilisi, Almaty, Baku and Tashkent until February 28 due to the developing situation around Iran, the airline announced on February ... more