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Last modified on Wednesday, 25 June 2014 18:00

BRAC stresses on the importance of private sector in development

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26 June 2014, Dhaka. BRAC held its Annual Report 2013 launching event on 26 June 2014.  The event was held at BRAC centre in Mohakhali.

Highlighting BRAC’s achievements of 2013, BRAC’s vice chairperson and Interim ED, Dr Mushtaque R Chowdhury said, “BRAC acts as catalyst creating an ecosystem where poor can seize control of their lives.” Presenting last year’s achievements he mentioned, “more than 12,114 crore taka was disbursed to 42 lac borrowers, 91,300 ultra poor households were reached in 37 districts and 96,177 students passed the PSC exam with 99.99% pass rate”.

Advisor to BRAC’s Executive Director, Dr Mahabub Hossain in his speech thanked the media for providing consistent support to BRAC. He also stressed on the importance of accountability and transparency to the public and BRAC’s stakeholders, and took this opportunity to share BRAC’s 2013 activities through this annual report.

BRAC’s Senior Director of strategy, capacity and communication, Asif Saleh highlighted the importance of private sector involvement in development interventions.  “BRAC social enterprises have been following a sustainable, socially responsible business model. We are open to share our experiences with the private sector so that they can consider shifting their approach from CSR (corporate social responsibility) to CSV (creating shared value),” said Mr Saleh while explaining the future strategic priorities of BRAC.

Representatives from Chevron, ACI Limited, Grey Advertising, Canadian High Commission, Kazi Shahed Foundation, AusAID, DFID, Renata Limited along with other guests, media and BRAC directors and senior management were present at the event.

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