Panel discussion on NGO and Development in Bangladesh Held
On the eve of BRAC Day 2017, BRAC Research and Evaluation Division and BRAC University jointly organised a panel discussion at BRAC Centre Inn Auditorium on 19 March, 2017.
In his presentation Professor Abdul Bayes, Director, BRAC Research and Evaluation Division said The share of households taking loans from NGOs increased from eight per cent in 1988 to 49 per cent in 2000 and 70 per cent in 2014. The high-cost informal credit market has shrunk but about a fourth of households still take loans from informal sources. The market share of informal credit narrowed from 71 per cent in 1988 to 23 per cent in 2014. The access to credit for the landless households expanded more than the landowning households. In the last two decades, the share of landless households in the credit market improved from 38 per cent to 54 per cent, while it went from 40 per cent to 42 per cent for landowning households, according to the study. The research also shows that the share of the poor taking loans from banks decreased but that from NGOs marked a rise. In 1988, about five per cent of poor households obtained credit from banks that almost halved in 2014. At the same time, the share of households taking from NGOs increased 12 times from 3.7 per cent to 43.8 per cent.
Noted economist and Chairman CPD, Professor Rehman Sobhan, was the chief guest at the seminar. Moderated and chaired by Dr Muhamad Musa, Executive Director, BRAC, The event was also attended by Professor Wahiduddin Mahmud, former advisor to the caretaker government, Rasheda K Chowdhury, Executive Director CAMPE and, former advisor to the caretaker government, Mr. Md Abul Kalam Azad (Principal Coordinator, SDG Affairs, PM office) and Professor SR Osmani of Ulster University, UK.
Professor Rehman Sobhan observed that ‘micro-credit programmes of the NGOs have played a ‘remarkable’ role in poverty alleviation and BRAC, as one of the largest NGOs of the world, has played a significant role in this regard.