Accord news and archive

Accord publishes latest progress report

Three years after the collapse of the Rana Plaza building in Dhaka that served as a wake-up call to the international garment industry, the Accord on Fire and Building Safety in Bangladesh has posted its latest update about progress in terms of factory inspections. According to the April 2016 factsheet, 1,600 factories have been inspected, 1,450...

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Business

IFC to provide 50 million US dollars for Bangladesh's garment sector

After safety inspections and worker training, the safety campaign for the Bangladeshi garment industry just got another much needed boost: the International Finance Corporation (IFC) will support local banks by providing 50 million US dollars in financing and will form partnerships with leading international buyers. The IFC decided on this step...

Fashion

Bangladesh: first two factories finish remediation work

Reaching a new milestone, the first two factories producing ready-made garments have completed all remediation work. They are Concord Fashion Export Ltd. and Jeacon, both located in the same building in Gazipur, Dhaka. The successful completion was verified by engineers of the Accord on Fire and Building Safety in Bangladesh on May 20 and...