German, ILO assist, Bangladesh adopting Injury Insurance System
7 October 2015, Nirapad News: Bangladesh is going to develop a National Employment Injury Insurance System with the assistances of Federal Republic of Germany and the International Labor Organization (ILO).
Regarding the matter, a tripartite Letter of Intent (LoI) has been signed between the Federal Republic of Germany, the People’s Republic of Bangladesh and the International Labor Organization (ILO) in Dhaka on Tuesday, said a German Embassy press release.
Federal Minister for Economic Cooperation and Development Dr. Gerd Müller, Secretary of the Ministry of Labor and Employment Mikail Shipar, and Country Director of the ILO Srinivas B. Reddy, signed the LoI at a ceremony at the Westin Hotel.
Under the LoI, parties will engage in dialogue and design a suitable national Employment Injury Insurance system for Bangladesh, draft and establish a legal framework of this by 2016, as well as ensure the capacity development and implementation of the said system in this country.
The LoI outlines the intention of the sides to develop and institutionalize a national Employment Injury Insurance system in Bangladesh.
This initiative is designed after the Employment Injury Benefits Convention, 1964 ILO (No. 121) and shall integrate prevention, compliance and rehabilitation services.
With this ambitious new initiative Germany, Bangladesh and the ILO further strengthen the garment sector in this country and contribute to an improvement of the safety conditions in the industry.
Germany has extensive experiences with Employment Injury Insurances and the establishment of such insurances does not only lead to safer working conditions but also guarantees the livelihood of individual workers and their family after tragic industrial accidents. It therefore benefits all sides: The workers, the companies and the government.
This ambitious initiative to adopt the system for the RMG sector in Bangladesh will have a lasting positive impact on the garments industry.