Wal-Mart ready to loan $50 million to Bangladesh factories

Wal-Mart Stores said it could provide up to $50 million in low-interest loans or other types of payments to Bangladesh factory owners for building improvements.

The money is part of the more than $100 million in loans and access to capital that a group of North American companies including Wal-Mart and Gap pledged in July.

A massive push for improved factory conditions in Bangladesh comes after 1,129 workers were killed in the collapse of a garment plant in April and another 112 people perished in a factory fire there in November.

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