Microcredit Regulatory Authority and IFC sign deal to enhance housing loan facilities | The Business Standard
Skip to main content
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Thursday
June 12, 2025

Sign In
Subscribe
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
THURSDAY, JUNE 12, 2025
Microcredit Regulatory Authority and IFC sign deal to enhance housing loan facilities

Bangladesh

TBS Report
16 April, 2025, 11:10 pm
Last modified: 16 April, 2025, 11:19 pm

Related News

  • UK crime agency now freezes assets of ex-land minister Saifuzzaman: AJ
  • Dhaka South conducts key meetings at Wasa Bhaban as Nagar Bhaban remains locked
  • British Business Secretary Jonathan Reynolds meets CA Yunus
  • 7 children and teens drown in separate incidents across 5 districts
  • Dhaka South to double insecticide spraying to prevent Aedes

Microcredit Regulatory Authority and IFC sign deal to enhance housing loan facilities

Professor Dr Mohammad Helal Uddin, Executive Vice Chairman of MRA, and Mehdi Cherkaoui, South Asia Manager (FIG Upstream and Advisory) of IFC, signed the project document titled “Bangladesh Microfinance Sector Development (BMSD)” at the MRA headquarters today (16 April)

TBS Report
16 April, 2025, 11:10 pm
Last modified: 16 April, 2025, 11:19 pm
Microcredit Regulatory Authority and IFC sign deal to enhance housing loan facilities

To enhance the capacity of microfinance institutions and the Microcredit Regulatory Authority (MRA) in providing short- and medium-term housing loans, the MRA and the International Finance Corporation (IFC) have signed a project agreement.

Professor Dr Mohammad Helal Uddin, Executive Vice Chairman of MRA, and Mehdi Cherkaoui, South Asia Manager (FIG Upstream and Advisory) of IFC, signed the project document titled "Bangladesh Microfinance Sector Development (BMSD)" at the MRA headquarters today (16 April).

The newly signed project will not only strengthen MRA's internal capacities but also lead to the formulation of policies, roadmaps, and guidelines on digital financial services and housing microfinance, a press release said.

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

In 2023, MRA and IFC jointly conducted a research study titled "Microfinance Sector Development Diagnostic: Digital Transformation and the Offering of Financial Services and Micro-Housing by MFIs." The findings and recommendations of that study have served as a key foundation for shaping the framework of this project.

Speaking at the signing ceremony, Mehdi Chergui, South Asia Manager (FIG Upstream and Advisory) at IFC, said, 'Collaboration between IFC and MRA represents the fusion of global expertise and local insight — a synergy that has the power to transform lives at the grassroots level with a special focus on women.'

Professor Dr Mohammad Helal Uddin, Executive Vice Chairman of MRA, remarked, "Today's agreement between MRA and IFC marks a significant milestone in guiding Bangladesh's microfinance sector toward a tech-driven, inclusive, and responsive financial ecosystem. 

"As the regulatory body, MRA remains committed to playing a proactive and visionary role through supportive policymaking, facilitating pilot programs, and building internal capacities to monitor this rapidly evolving sector."

As part of MRA's human resource and institutional development, the project will arrange exposure visits for MRA officials, workshops on digital maturity tools, and programs on digital transformation and financial literacy. In addition, specialised training on housing microfinance will be organised. 

The project is planned for a duration of two and a half years, with an estimated total budget of $350,000.

Md Saeed Kutub, Additional Secretary, was present at the event as the guest of honour. Presided over by Professor Dr Mohammad Helal Uddin, the ceremony was attended by senior officials from the Ministry of Finance, Bangladesh Bank, CEOs and representatives of microfinance institutions, members of the media, and officials from both IFC and MRA.

MRA / IFC / deal / Bangladesh

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Saifuzzaman Chowdhury. Photo: Collected
    UK crime agency now freezes assets of ex-land minister Saifuzzaman: AJ
  • Chief Adviser Muhammad Yunus speaks at the Chatham House in London on 11 June 2025. Photo: CA Press Wing
    No desire to be part of next elected govt: CA Yunus
  • File photo of BNP Standing Committee Member Amir Khasru Mahmud Chowdhury. Photo: Collected
    Khasru flies to London to join Yunus-Tarique meeting

MOST VIEWED

  • Illustration: Duniya Jahan/ TBS
    Forget Katy Perry, here’s Bangladesh’s Ruthba Yasmin shooting for the moon
  • A file photo of Bangladesh Bank Governor Dr Ahsan H Mansur. Photo: Collected
    'I have no relation with this': Ahsan Mansur debunks Joy’s allegations over daughter’s Dubai flat
  • Faiz Ahmad Tayeb. Photo: BSS
    Import duty on raw materials for e-bikes, lithium batteries reduced from 80% to 1% in some cases: Faiz Taiyeb
  • File photo of ex-prime minister Sheikh Hasina and her son Sajeeb Wazed Joy. Photo: Collected
    Joy spends Eid with Hasina in India: Indian media
  • Mercantile Bank withholds dividend amid Tk1,700cr provision shortfall
    Mercantile Bank withholds dividend amid Tk1,700cr provision shortfall
  • Shakil Ahmed. Photo: Collected
    DU student allegedly hangs himself following threats over old derogatory comment about Prophet on Facebook

Related News

  • UK crime agency now freezes assets of ex-land minister Saifuzzaman: AJ
  • Dhaka South conducts key meetings at Wasa Bhaban as Nagar Bhaban remains locked
  • British Business Secretary Jonathan Reynolds meets CA Yunus
  • 7 children and teens drown in separate incidents across 5 districts
  • Dhaka South to double insecticide spraying to prevent Aedes

Features

Among pet birds in the country, lovebirds are the most common, and they are also the most numerous in the haat. Photo: Junayet Rashel

Where feathers meet fortune: How a small pigeon stall became Dhaka’s premiere bird market

5h | Panorama
Illustration: Duniya Jahan/ TBS

Forget Katy Perry, here’s Bangladesh’s Ruthba Yasmin shooting for the moon

1d | Features
File photo of Eid holidaymakers returning to the capital from their country homes/Rajib Dhar

Dhaka: The city we never want to return to, but always do

2d | Features
Photo collage shows political posters in Bagerhat. Photos: Jannatul Naym Pieal

From Sheikh Dynasty to sibling rivalry: Bagerhat signals a turning tide in local politics

4d | Bangladesh

More Videos from TBS

Why is Omicron XBB more contagious?

Why is Omicron XBB more contagious?

2h | TBS Stories
What did Dr. Yunus say at the Chatham House Dialogue in London?

What did Dr. Yunus say at the Chatham House Dialogue in London?

3h | TBS Today
News of The Day, 11 JUNE 2025

News of The Day, 11 JUNE 2025

4h | TBS News of the day
WB predicts worst decade for global growth since 60s

WB predicts worst decade for global growth since 60s

5h | TBS Stories
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net