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DHAKA – Garment manufacturers in Bangladesh warn that their industry could collapse unless the government agrees to extend a scheme to lend them money to pay workers’ wages because of the coronavirus pandemic.
The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) wants the government to extend the salary stimulus package by six months and put back the deadline for the repayment of the loans by one year.
BGMEA president Rubana Huq says that meeting the scheduled repayments to the government-owned Bangladesh Bank from the end of this month – as agreed – would force many garment manufacturers out of business.
