Friday
June 19
2020

Press Release: BRAC Receives $60 Million as 2020 Audacious Project to Lift 21 Million People From Extreme Poverty by 2026

By BRAC Ultra-Poor Graduation Initiative 

Today, BRAC, a Global South-led NGO that combats inequality and poverty around the world, was announced as one of this year’s Audacious Project grantees. The Ultra-Poor Graduation Initiative (UPGI), an initiative of BRAC, will receive more than $60 million to apply toward its goal of helping another 21 million people lift themselves from extreme poverty by 2026.

BRAC is the founder and largest scaled implementer of the Ultra-Poor Graduation approach (Graduation), having reached more than 2 million households in Bangladesh and developed and implemented adaptations of the approach in 14 countries covering a range of different contexts and vulnerabilities.

“The need to combat extreme poverty and drive systemic change has never been more urgent,” said Shameran Abed, Senior Director of BRAC Microfinance and Ultra-Poor Graduation programs.

Photo courtesy of BRAC.

Source: PR Newswire (link opens in a new window)

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Coronavirus, Education, Finance, Health Care, Investing, Uncategorized
Tags
BRAC, emerging markets, microfinance, NGO, poverty alleviation