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Beneficiaries must comply with 27 international conventions, on environmental, labour and human rights standards.
Critics warn that the China-led bank may fail to live up to the environmental, labour and procurement standards that are essential to the mission of development lenders.
It wants to inject up to $50m in each of a number of big factories, to sort out their safety, environmental, labour and efficiency problems.
"We provide millions of dollars in security assistance to Honduras but these same forces have been found to attack and kill environmental, labour and human rights activists like Cáceres without any effective response from the authorities," said Johnson.
One proposed solution is the Round Table for Responsible Soy (RTRS), an association of industry, civil society and producers focused on environmental, labour and health issues involving soy farmers and industries.
Under the reign of neoliberalism over the last 30 years, governments in Canada and elsewhere have freed them from environmental, labour and safety standards and oversight, while opening up increasingly more of the public sphere for private profit-seeking.
Similar(51)
Audits are ineffective tools for detecting, reporting, or correcting environmental and labour problems in supply chains.
When elected, he insisted that environmental (and labour) side-agreements be tacked on to NAFTA.
Abortion rights, environmental protections, labour regulations: none would be safe.It is a startling prospect, but probably a distant one.
Republicans compromised with pro-trade Democrats on an environmental and labour trade agenda, without overstepping concerns about sovereignty and protectionism.
It is supposed to reform difficult areas such as intellectual property, state-owned firms and environmental and labour standards.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com