Open AccessImpact of Non-Government Organizations and Microcredit Institutions on the Development of Bangladesh
Author(s) -
Murtoza Manzur
Publication year - 2017
Publication title -
political science undergraduate review
Language(s) - English
Resource type - Journals
eISSN - 2562-1289
pISSN - 2562-1270
DOI - 10.29173/psur34
Subject(s) - microfinance , bureaucracy , economic growth , poverty , socioeconomic development , politics , government (linguistics) , opposition (politics) , business , political science , development economics , economics , linguistics , philosophy , law
In this paper, I will argue that although local microfinance institutions and non-governmental organisations such as BRAC and Grameen Bank have played a significant part in the development and reduction of poverty in Bangladesh, some challenges remain. This paper will first present a brief background of the socioeconomic conditions of Bangladesh. The history of NGOs in the country and their transformation from primarily relief oriented agencies to being full-scale development actors will also be explored. I will analyse the relationship between the state and the non governmental agencies in delivering service to the people of Bangladesh. Furthermore, this paper will present the rise of microcredit institutions and facilities that have changed the economic landscape of Bangladesh. Finally, the essay will present the challenges that are faced by non governmental agencies in the country. This paper will bring forward the bureaucratic hurdles and the political opposition that are faced by such agencies. Public perception of NGOs will also be highlighted in this essay. I will also present the criticisms that some of the microcredit organisations such as Grameen Bank have faced due to their high emphasis on repayment of loans.