WASHINGTON — The Accord on Fire and Building Safety in Bangladesh said in an annual report released Wednesday that it is projecting a budget shortfall by the end of the year and is seeking additional short-term funding from its 180 global brand and retail members to support a massive inspection program encompassing some 1,500 garment factories in Bangladesh.
In a director’s statement in the report, the accord said it will need more funding in its second year from its members to “meet the challenging target” of making its goal of inspecting 1,500 factories by the end of September.
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