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VF and IFC Distribute First Round of Financing to Bangladeshi Factories for Safety Improvements

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GREENSBORO, N.C. & WASHINGTON--(BUSINESS WIRE)--VF Corporation (NYSE:VFC) and IFC, a member of the World Bank Group, today announced they have provided loans to three Bangladeshi garment factories under a new program for funding fire and building safety improvements. Through the financing arrangement, VF provides a full corporate guarantee for up to $10 million that the IFC and its partner BRAC Bank lend to VF’s contract suppliers. VF’s guarantee to back the loans makes it possible for IFC to l

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