Cabinet okays law to regulate foreign funds

Last updated: June 2, 2014

Dhaka, Bangladesh (BBN)-The cabinet in principle approved on Monday the draft of a law which will regulate the activities of the non-government organisation (NGO) receiving foreign contributions.

The Foreign Contributions (voluntary activities) Regulation Act 2014 will control the activities of the NGOs’ receiving foreign funds.

The approval was given in a regular cabinet meeting held at the Bangladesh Secretariat with Prime Minister Sheikh Hasina in the chair.

“It will be a comprehensive and wide legal instrument for giving support and regulation of the NGO activities,” M Musharraf Hossain Bhuiyan, the cabinet secretary, briefed reporters after the meeting.

NGO's are working for socio-economic development of the country alongside the government.

The new law will ensure NGO partnership for sustainable development, he said.

BBN/SS/AD-02June14-3:40pm (BST)

Bangladesh Business News
BBN is the country's oldest Business News and Analysis platform, run by veteran business journalist and analyst that you can rely upon.
© Copyright 2024 - BBN - All Rights Reserved
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram