Current AffairsInternational

BRAC retains its position as top NGO for the 5th consecutive year

Bangladesh-based international development organization BRAC retained its position as the top NGO of the world for the 5th consecutive year. The rankings for 2020 were announced by the Geneva-based organization NGO Adviser which publishes the rankings every year based on publicly available data for the top 500 global NGOs.  BRAC: BRAC was founded by Sir Fazle Hasan Abed in 1972 immediately after Bangladesh came into existence as an independent nation in 1971 to help the returning war refugees with small-scale relief and rehabilitation project. Fazle Hasan Abed died in 2019. They announced a new 2030 strategy to make the lives of 250 million people self-sustainable.BRAC has been working in areas like poverty alleviation through extending loans to the poor, gender equality, healthcare, nutrition, environment, and employment, among many other things. It disbursed loans amounting to four billion dollars, reaching 7.1 million clients in 2018.BRAC runs a university, a bank, insurance company, a seed company, among other things. They have one lakh full-time staff, 8,000 of whom work outside Bangladesh. BRAC: BRAC, is an international development organization based in Bangladesh, In order to receive foreign donations. Founder: Fazle Hasan Abed Founded: 1972 Headquarters: Dhaka,

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