South Sudan the World’S Youngest Nation
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Brac Lanka Finance PLC 2013 Cover
CHANGING LIVES ANNUAL REPORT 2013/14 OUR VISION To be a customer centric, innovative and broad based financial solutions partner. OUR MISSION Operate and expand aggressively, efficiently and Setup the ‘best-in-the-breed’ operational platform to profitably; with special focus on the Micro, Small and support growth aspirations Medium Enterprise segments Offer a challenging and rewarding work environment that Develop and offer high quality, innovative products and provides opportunities for growth services Contribute to the quality of life in our communities Seek and grow business and markets with significant potential growth Transform the company into a trusted household financial brand Make products easily accessible to the target consumer by investing in distribution channels CONTENTS MANAGEMENT INFORMATION FINANCIAL INFORMATION Chairman’s Review 04 Independent Auditors’ Report 66 CEO’s Report 06 Statement of Comprehensive Income 67 Board of Directors 08 Statement of Financial Position 68 Management Discussion & Analysis 12 Statement of Changes in Equity 69 Operational Review 14 Cash Flow Statement 70 Financial Review 16 Notes to the Financial Statements 71 Risk Management 18 Shareholders’ Information 98 Branch Network 100 SUSTAINABILITY REPORT Notice of Meeting 101 Sustainability Report 24 Notes 102 Our Events 27 Brac Lanka Finance PLC Form of Proxy Corporate Governance Report 29 Corporate Information - Inner Back Cover Report of the Directors 55 Director’s Statement on Internal Controls Over Financial Reporting 60 Report of the Audit Committee 61 Report of the Integrated Risk Management Committee 61 Report of The Remuneration Committee 62 Directors‘ Responsibility For Financial Reporting 63 CHANGING LIVES BRAC Lanka Finance PLC was established with a passion and tenaciousness to support and sustain the emerging lives of Sri Lankans. -
National Audit Chamber the Report of the Auditor
NATIONAL AUDIT CHAMBER THE REPORT OF THE AUDITOR GENERAL ON THE FINANCIAL STATEMENTS OF THE GOVERNMENT OF SOUTHERN SUDAN FOR THE FINANCIAL YEAR ENDED 31ST DECEMBER 2008 TO THE PRESIDENT THE REPUBLIC OF SOUTH SUDAN AND SOUTH SUDAN NATIONAL LEGISLATIVEASSEMBLY 1 2 CONTENTS Auditor General’s Opinion 7 Financial Statements for 2008 18 Chapter – 1 : Oil Revenue 75 Chapter – 2 : Non- Oil Revenue 89 Chapter – 3 : Ministry of Cabinet Affairs 97 Chapter – 4 : Ministry of Commerce, Trade &Supply 105 Chapter – 5 : Ministry of Education, Science and Technology 117 Chapter – 6 : Ministry of Finance and Economic Planning 133 Chapter – 7 : Ministry of Health 153 Chapter – 8 : Ministry of Internal Affairs 173 Chapter – 9 : Judiciary 191 Chapter – 10 : Ministry of Legal Affairs and Constitutional 203 Development Chapter – 11 : Southern Sudan Legislative Assembly 213 Chapter – 12 :Ministry of Sudan People’s Liberation Army 233 Affairs Chapter – 13 : Southern Sudan Electricity Commission 255 Chapter – 14 : Southern Sudan Human Rights Commission 267 3 4 SOUTH SUDAN NATIONAL AUDIT CHAMBER AUDITOR GENERAL’S OPINION ON GOVERNMENT OF SOUTHERN SUDAN FINANCIAL STATEMENTS OF 2008 5 6 SOUTH SUDAN NATIONAL AUDIT CHAMBER OPINION OF THE AUDITOR GENERAL ON THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2008 1. INTRODUCTION The year 2008 was the fourth fiscal cycle of the Government of Southern Sudan. The Financial Statements for 2008 were issued in January 2012 and hence the late presentation. The audit of the Financial Statements of 2008 was conducted in 2012. Government Ministries and Agencies were more responsive to audit than in previous years. I thank the President for his helpful phone calls on this matter. -
Brac Saajan Exchange Ltd Annual Report and Financial Statements for the Year Ended 31 December 2020
Company Registration No. 06469886 (England and Wales) BRAC SAAJAN EXCHANGE LTD ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 BRAC SAAJAN EXCHANGE LTD COMPANY INFORMATION Directors Mr Kazi Mahmood Sattar Mr Selim Reza Farhad Hussain Mr Abdus Salam Secretary Mr Rais Uddin Ahmed Company number 06469886 Registered office 160-162 Lozells Road Lozells Birmingham B19 2SX Auditor Reddy Siddiqui LLP 183-189 The Vale Acton London W3 7RW BRAC SAAJAN EXCHANGE LTD CONTENTS Page Strategic report 1 - 6 Directors' report 7 - 8 Directors' responsibilities statement 9 Independent auditor's report 10 - 12 Statement of comprehensive income 13 Balance sheet 14 Statement of changes in equity 15 Statement of cash flows 16 Notes to the financial statements 17 - 35 BRAC SAAJAN EXCHANGE LTD STRATEGIC REPORT FOR THE YEAR ENDED 31 DECEMBER 2020 The directors present the strategic report for the year ended 31 December 2020. Fair Review of the Business The company, a subsidiary of BRAC Bank Limited of Bangladesh, provides remittance services and cross- border payment solutions for South Asian migrants living in UK and Europe. It offers a wide range of payment services principally to Bangladesh and Pakistan but also to India, Sri Lanka and Nepal. The company also offers its services through a French subsidiary, based in Paris. Revenue is earned through a combination of transaction fees and foreign exchange margin. Total remittance to all receiving countries fell by 16% from £542m in 2019 to £455m in 2020. UK retail volume which has been effected by the Covid-19 pandemic, saw a reduction of 20% to £189m. -
Knowing No Fear
United Nations Mission May 2010 In BBC presenter SUDANZeinabBadawi ZeinabBadawi ZeinabBadawi ZeinabBadawi ZeinabBadawi ZeinabBadawi ZeinabBadawi ZeinabBadawi ZeinabBadawi ZeinabBadawi ZeinabBadawi ZeinabBadawi ZeinabBadawi ZeinabBadawi ZeinabBadawi ZeinabBadawi ZeinabBadawi ZeinabBadawi ZeinabBadawi Knowing no fear Published by UNMIS Public Information Office INSIDE 3 Special Focus: BUSINESS 17 April: The European Union Observer’s mission • Mummies, medicine and Coca Cola and Carter Centre issued separate preliminary Diary statements on Sudanese elections, saying they • Everywhere a bank paved the way for democratic progress and • Reeling in shared profit constituted a Comprehensive Peace Agreement benchmark, although they fell short • Doing business in Abou Shouk of international standards on the whole. The African Union Observer Mission said the • One block at a time elections, though imperfect, were historically significant and an important milestone • From guns to goods in the country’s peace and democratization process. Congratulating the Sudanese people, the League of Arab States Observer Mission hoped the elections would be a 9 Transport catalyst for further democratic transformation and development. Levelling Juba roads 18 April: UN Humanitarian Coordinator for Sudan Georg Charpentier warned that 10 Profile: Zeinab Badawi continued instability in parts of the eastern Jebel Marra area in Darfur had prevented agencies from accessing areas where they had been providing aid, including food, Knowing no fear water, and medicines, over the past five years. 11 Secretary-General’s report 26 April: Announcing preliminary results for Sudan’s elections, the National Ban calls for referenda preparations Elections Commission (NEC) declared that National Congress Party candidate Omar Al Bashir had topped the poll for President of Sudan with 68.2 per cent of the vote. -
87. Briscoe, Two Decades of Change in a Bangladeshi Village, Econ&Political Weekly 2001, Reprinted In
Two Decades of Change in a Bangladeshi Village Author(s): John Briscoe Source: Economic and Political Weekly, Vol. 36, No. 40 (Oct. 6-12, 2001), pp. 3823-3825+3827- 3828 Published by: Economic and Political Weekly Stable URL: http://www.jstor.org/stable/4411199 Accessed: 31/05/2009 20:47 Your use of the JSTOR archive indicates your acceptance of JSTOR's Terms and Conditions of Use, available at http://www.jstor.org/page/info/about/policies/terms.jsp. JSTOR's Terms and Conditions of Use provides, in part, that unless you have obtained prior permission, you may not download an entire issue of a journal or multiple copies of articles, and you may use content in the JSTOR archive only for your personal, non-commercial use. Please contact the publisher regarding any further use of this work. Publisher contact information may be obtained at http://www.jstor.org/action/showPublisher?publisherCode=epw. Each copy of any part of a JSTOR transmission must contain the same copyright notice that appears on the screen or printed page of such transmission. JSTOR is a not-for-profit organization founded in 1995 to build trusted digital archives for scholarship. We work with the scholarly community to preserve their work and the materials they rely upon, and to build a common research platform that promotes the discovery and use of these resources. For more information about JSTOR, please contact [email protected]. Economic and Political Weekly is collaborating with JSTOR to digitize, preserve and extend access to Economic and Political Weekly. http://www.jstor.org I Perspectives billowing white - and rose-colored sails, Two Decades of Change going to harvest paddy in the Sylhet Depression. -
Organisation Analysis Ccma 1.1 Organization Brac
ORGANISATION ANALYSIS CCMA 1.1 ORGANIZATION BRAC BRAC Dolores Ramón Martínez BRAC is an international development non-governmental organization devised in 1972’s ‘war-torn newly independent’ (Hossain and Segunpta, 2009: 23) Bangladesh by its founder F. H. Abed. It started as a small committee of volunteers who wanted to help returning refugees after a devastating cyclone and the immediately after War of Independence from Pakistan - considered genocidal on the Bangladeshis (Hossain, 2017). Nowadays it is considered the largest NGO in the world (Ellis, 2016) with more than 120.000 employees in eleven different countries and is acclaimed worldwide for its innovative approach and highly significant contribution to poverty eradication. BRAC’S VISION: ‘A world free from all forms of exploitation and discrimination where everyone has the opportunity to realize their potential.’ BRAC’S MISSION: ‘To empower people and communities in situations of poverty, illiteracy, disease and social injustice. BRAC’s interventions aim to achieve large scale, positive changes through economic and social programmes that enable men and women to realize their potential.’ BRAC’S VALUES: ‘Innovation Integrity Inclusiveness Effectiveness’ BRAC’S FUTURE GOALS: ‘BRAC’s global strategy outlines three priority goals scaling up its global ambition to support the 2030 Agenda for Sustainable Development within the next 10 years: 1 empowering at least 250 million people to have control over their own livelihoods; reaching at least 30% of the participants with multiple interventions; -
An End in Sight for Ultra-Poverty Scaling up BRAC’S Graduation Model for the Poorest
Briefing Note #1: Ending extreme poverty November 2013 An end in sight for ultra-poverty Scaling up BRAC’s graduation model for the poorest Can we end the worst forms of human poverty? Falling poverty rates are now Summary observed in every region of the world. In f Even below $1.25 a day, the April, World Bank president Jim Yong poor are not a homogeneous Kim announced 2030 as the global target group. date to end “extreme poverty,” defined as living on or below the equivalent of f The very poorest can “graduate” $1.25 per day. Media have taken the from ultra-poverty with a set of rhetoric seriously, pointing out that carefully sequenced, tailored the percentage of people living at that interventions. Adaptations of level has halved since 1990, from 43% BRAC’s methodology have (or 1.9 billion people) to 21% (1.2 seen 75-98% graduation rates. Media contacts: billion), and that if current trends hold, the global poverty rate may well fall to f BRAC is ready to leverage its Soraya Auer single digits in as soon as 10 years.1 The experience by working with others in a global strategy to BRAC Brooking Institution and the World [email protected] end the worst forms of human Bank published separate reports in 2013 poverty. T: +88 02 9881265, ext. 3191 analyzing the prospects of bringing the rate close to zero by 2030.2 Scott MacMillan BRAC USA [email protected] It would be a mistake, however, to treat destitution, the ultra-poor often do not T: +1 212 808 5615 those below the $1.25-a-day threshold benefit from market-based interventions as a homogeneous pool. -
Gratitude Report 2020
GRATITUDE REPORT 2020 A HISTORY OF BRAC SOLUTIONS An estimated 600 million people live in extreme poverty around the world and, in 2020, extreme poverty will rise globally for the first time in 22 years. Throughout its history, BRAC has designed and implemented solutions confronting the seemingly insurmountable challenges that people living in poverty face, and this year has been no different. In fact, it has never been more important. This ambitious work would not be possible without you. Thank you for your support. A HISTORY OF BRAC SOLUTIONS THE AUDACITY OF BRAC This year, so many have been forced to face new realities that have upended routines and challenged perspectives. For BRAC, this has meant mobilizing its global workforce and adapting its programs to address the triple burden of the health, socioeconomic, and humanitarian crises caused by COVID-19. What has remained constant, however, has been BRAC’s commitment to serving people living in poverty and confronting crises with innovative and audacious solutions. This report explores cases throughout BRAC’s history that demonstrate the organization’s commitment to tackling seemingly intractable challenges. Despite the difficulties and risk involved, BRAC’s dedication and motivation has always been to support people to realize their potential, and this is what guides our work through today’s uncertainties. As this history has inspired BRAC’s work, we hope it will inspire you as well. A LEARNING ORGANIZATION LOOKING FORWARD: BRAC is continuously innovating and iterating upon its EDUCATION IN SOUTH SUDAN programs to best serve the people for whom they are designed. Here, we share some of BRAC’s latest solutions addressing entrenched poverty. -
Sudan Agricultural Enterprise Finance Program Final Report
SUDAN AGRICULTURAL ENTERPRISE FINANCE PROGRAM FINAL REPORT APRIL 30, 2008 This publication was produced for review by the United States Agency for International Development. It was prepared by Chemonics International Inc. SUDAN AGRICULTURAL ENTERPRISE FINANCE PROGRAM FINAL REPORT Contract No. 623-C-00-02-00087-00 The author’s views expressed in this publication do not necessarily reflect the views of the United States Agency for International Development or the United States Government. CONTENTS Acronyms ............................................................................................................................v Executive Summary ............................................................................................................1 Section I: The Country Context ..........................................................................................3 Section II: The AEFP Approach .........................................................................................4 Section III: Project Overview .............................................................................................6 Section IV: Establishing SUMI ........................................................................................10 Section V: Building SUMI’s Capacity .............................................................................14 Section VI: Geographic Expansion....................................................................................20 Section VII: New Product Development ..........................................................................25 -
Sri Lanka Wonder of Asia
Sri Lanka Wonder of Asia An Indian Ocean island republic famous for its tea, coffee and cinnamon, Sri Lanka bore the brunt of the 2004 Asian tsunami. BRAC quickly responded to the disaster by setting up relief and emergency operations in 2005. Since then, BRAC has expanded its outreach, touching the lives of an estimated 527,000 Sri Lankans, helping to improve livelihoods through rigorous capacity development training and providing over USD 74.2 million in microloans, with 74,000 active borrowers across the country’s 15 most vulnerable districts. What started out in 1972 in a remote village of Bangladesh as a limited relief operation BRAC - has turned into the largest development organisation in the world. Of major nongovernmental organisation, it is one of the few based in the global south. Today, BRAC is a development success story, spreading solutions born in Bangladesh to 10 other countries around the world – a global leader in creating opportunity for the world’s poor. Organising the poor using communities’ own human and material resources, it catalyses lasting change, creating an ecosystem in which the poor have the chance to seize control of their own lives. We do this with a holistic development approach geared toward inclusion, using TOOLSÖLIKEÖMICROÙNANCE ÖEDUCATION ÖHEALTHCARE ÖLEGALÖ services, community empowerment and more. Our work now touches the lives of an estimated 126 million people, with staff and BRAC-trained entrepreneurs numbering in the hundreds of thousands – a global movement bringing change to 10 countries in Asia, Africa and the Caribbean, with operations in our 11th country, Philippines, being launched in 2012. -
Shakuntala Haraksingh Thilsted 2021 Laureate
World Food Prize Foundation - 2021 Laureate SHAKUNTALA HARAKSINGH THILSTED EMBARGOED UNTIL MAY 11, 2021 AT 8:30 A.M. CDT 2021 LAUREATE SHAKUNTALAWorld Food Prize Foundation - 2021 Laureate HARAKSINGH THILSTED Trinidad & Tobago and Denmark Dr. Shakuntala Haraksingh Thilsted, native of Trinidad and Tobago and a citizen of Denmark, will receive the 2021 World Food Prize for her groundbreaking research, critical insights and landmark innovations in developing holistic, nutrition-sensitive approaches to aquaculture and food systems. By bringing together interdisciplinary and international collaborators, she drove transformations in aquatic food systems to deliver improved nutrition, resilient ecosystems and secure livelihoods for millions of vulnerable people across the globe. hilsted’s trailblazing research on small native fish species in Bangladesh led to the Tdevelopment of nutrition-sensitive approaches to aquatic food systems at all levels, from the farm to food processing to final consumers, resulting in improved diets for millions of the most vulnerable people in Asia and Africa. Nutrition-sensitive approaches place nutrition and public health at the core of how food is produced, processed, transported, priced, distributed and consumed. Thilsted expanded the evolution of food systems from “feeding” to “nourishing” hundreds of millions of people who depend on fish and other aquatic foods as an integral part of their food and nutrition security, livelihoods and culture. While fashioning more productive and sustainable aquaculture practices for smallholder farmers, Thilsted proceeded to rejuvenate agro-ecosystems, broaden biodiversity and activate women’s involvement in fisheries. She extended her mission to increase fish consumption through the creation and widespread use of safe, nutritious fish-based foods and reduction of food waste. -
BRAC International Opens New Bank in Sub-Saharan Africa
02 May 2019 BRAC International Opens New Bank in sub-Saharan Africa • World’s largest development organisation has transformed its microfinance operation in Uganda into a bank • Three new equity partners - DEG, Equator Capital Partners, and Triple Jump - have joined the newly transformed BRAC Uganda Bank Limited for the next stage • The aim is to provide far wider financial access and support to Ugandans particularly in rural communities The world’s largest development organisation, BRAC, has transformed its microfinance operation in Uganda into a bank in an effort to broaden and deepen financial inclusion for hundreds of thousands of people. The NGO has diluted its 100% shareholding in BRAC Uganda Bank Limited, held through BRAC International Holdings BV, to meet regulatory requirements of transforming the biggest microfinance operation in Uganda into a Tier 2 Credit Institution. Enclude Capital Advisory UK Limited, a specialist impact investment bank owned by Palladium and longtime partner to BRAC, acted as the sole financial advisor. Three investors have each acquired 17% of BRAC Uganda Bank Limited. The new equity partners include German development finance institution DEG (Deutsche Investitions - und Entwicklungsgesellschaft mbH), Equator Capital Partners, the experienced fund manager investing in financial inclusion, and Triple Jump, the Dutch impact-focused investment manager. BRAC International plans to use the proceeds of the sale to further expand its operations in other countries with low levels of access to finance. Starting in 2006, BRAC Uganda now serves over 200,000 clients, with its 163 branches in 84 districts of the country. As part of its commitment to provide a range of financial services particularly for women in rural and low-income communities, BRAC has been pursuing a change in its regulatory status.