Hundreds of small NGOs under threat due to new MRA conditions
Bangladesh's microfinance regulator, the Microcredit Regulatory Authority (MRA), has been accused of biased behavior. Those concerned claim that after the change of regime on August 5, 2024, the regulatory authorities made appointments to the top positions in the organization breaching the law. Moreover, the conditions those are being imposed in the new policy, will effectively shut down small NGOs and pave the way for the establishment of a monopoly by large institutions. Although, the policy later was decided to be suspended due to the efforts of various stakeholders, no notification has been issued in this regard so far.
