Microcredit Regulatory Authority

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Microcredit Regulatory Authority
Microcredit Regulatory Authority
The Microcredit Regulatory Authority (MRA) has been established by the Government of the People’s Republic of Bangladesh under the "Microcredit Regulatory Authority Act 2006” to promote and foster sustainable development of microfinance sector through creating an enabling environment for NGO-MFIs in Bangladesh. MRA is the central body to monitor and supervise microfinance operations of NGO-MFIs. License from the Authority is mandatory to operate microfinance operations in Bangladesh as an NGO.

MRA officials attended the 2016 AFI Global Policy Forum in Fiji. 

An eight members team of MRA official headed by the Executive Vice-Chairman of MRA Mr. Amalendu Mukherjee participated the 2016 GPF of Alliance for Financial Inclusion( AFI) and actively participated in its five working groups as well as in the global policy storming sessions. The 2016 GPF was co-hosted by the Reserve Bank of Fiji (RBF) and held in Nadi, Fiji on 7-9 September’2016 under the theme “Building the Pillars of Sustainable Inclusion”. As a founding member of AFI, MRA has been sharing knowledge and experience regarding various components of financial inclusion and consumer protection likely Digital Financial Services, Financial Inclusion Strategy, Financial Inclusion Data, Consumer Empowerment & Market Conduct and SME Financing. This year the forum emphasized on financial inclusion for getting the best policies and practices giving the priority on digital financing.
More than 100 member institutions representing over 90 nations have contributed their wit skill and experienced best knowledge to increase the global financial inclusion targeting the unbanked people with weapon of financial literacy to deter gender discrimination and fueling women empowerment. As the members are mainly regulators a strong pillar of financial literacy is going to grow on the foundation of financial inclusion strategy of the member countries.