The British government announced recently that it will be providing approximately $75 million to the Bangladesh Central Bank in order to set up a program for expanding the country’s microfinance sector. The program, entitled PROSPER, will primarily be a partnership between two Bangladeshi actors: the microfinance-funding organization, Palli Karma-Sahayak Foundation (PKSF), and the Bangladeshi government’s newly established Microcredit Regulatory Authority (MRA).
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