Personal Protective Equipment Global (IFC-605894)

Regions
  • South Asia
Geographic location where the impacts of the investment may be experienced.
Countries
  • Sri Lanka
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Feb 2, 2021
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Sectors
  • Technical Cooperation
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Advisory Services
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
Not Disclosed
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Jun 6, 2022

Disclosed by Bank Jan 27, 2022


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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

The project will support select manufacturing firms in emerging markets to develop their manufacturing capacity and enable the PPE production through the implementation of tailored recommendations in one or more of the following areas: knowledge on standards/testing, material/equipment sourcing or regulations to understand, innovate and/or diversify into new or adjacent value chains, production lines or markets, improved production efficiency, and backward or forward integration. Firms covered under the scope of the project include Xtruline Limited, Foundation Garments Private Limited, Classic Fashion Apparel Industry Limited Company, Crystal International Group, MAS Innovation Private Limited, Wemy Industries Limited, and Zhende Medical Company Limited.


The market-level work focuses on creating and disseminating knowledge and includes activities that will focus on: (i) increasing the knowledge of national labs in 2 countries; (ii) improving the knowledge of key stakeholders on voluntary standards for non-medical masks in at least 2 countries; and (iii) increasing global knowledge on PPE topics through a series of webinars and publications targeted to firms but open to other relevant stakeholders. The webinars will be organized jointly with key stakeholders such as PPE manufacturers, private and public sector stakeholders. Topics for webinars will include national and international standards, PPE supply and demand across the globe, PPE Waste & circularity, workers safety & labor standards, and best practices and lessons learned from the firm-level work.

People Affected By This Project
People Affected By This Project refers to the communities of people likely to be affected positively or negatively by a project.

The Personal Protective Equipment (PPE) Global project aims to work with, and support PPE manufacturers in emerging markets to enable the diversification of products and supply chains that can contribute to the strengthening of health systems.

The project will achieve this by supporting select manufacturing firms in emerging markets to develop their manufacturing capacity and enable the PPE production through the implementation of recommendations in one or more of the following areas: knowledge on standards/testing, material/equipment sourcing or regulations to understand, innovate and/or diversify into new or adjacent value chains, production lines or markets, improved production efficiency, and backward or forward integration.

This will be complemented by market-level work and global knowledge creation to:
(i) Reach a broader group of companies beyond those that receive direct, in depth advisory through the development and dissemination of knowledge, with a particular focus on national and international standards; PPE global supply and demand; PPE waste & circularity; workers’ safety & labor standards; and sharing best practices identified from the firm-level work;
(ii) develop training to increase awareness and knowledge of laboratories on testing parameters for medical grade PPE (two pilot countries); and
(iii) convene key stakeholders (incl. relevant authorities) to improve knowledge and awareness on voluntary standards for non-medical masks (two pilot countries).

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

No contact information provided at the time of disclosure.

ACCESS TO INFORMATION

You can submit a request for information disclosure at: https://disclosures.ifc.org/#/inquiries

If you believe that your request for information from IFC has been unreasonably denied, or that this Policy has been interpreted incorrectly, you can submit a complaint at the link above to IFC's Access to Information Policy Advisor, who reports directly to IFC's Executive Vice President.

ACCOUNTABILITY MECHANISM OF IFC/MIGA

The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org

How it works

How it works