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New accounting guidelines for MFIs, NGOs soon


Bangladesh Bank (BB) has prepared new accounting guidelines for the micro-finance institutions (MFIs) to ensure accountability and transparency of such institutions, said BB officials.
"We will send the guidelines to the Finance Ministry soon for its approval," Joint Director of BB's Micro-finance Research and Reference Unit (MRRU), Lila Rashid told BDNEWS.
She said 600 representatives from 600 MFIs, including non-governmental organisations (NGOs), were trained and already 700 of these institutions are following the guidelines, introduced in March this year.