Dhaka, Bangladesh (BBN)– Disbursement of foreign donation for non -governmental organizations (NGOs) has declined significantly in the recent months because of ongoing economic meltdown in the United States and the European Union, officials said.
Foreign donation for the NGOs came down to BDT 18.89 billion during the January-June period of the current calendar year from BDT 19.58 billion in corresponding period of the previous calendar year, according to the central bank statistics.
“It’s a temporary phenomenon. The inflow of foreign donation for NGOs may rise in the next six months”, Nurun Nabi Talukder, director general of NGO Affairs Bureau (NGOAB), said.
He also said the foreign donation for NGOs depends on the country’s overall socio-economic condition.
Around 2,200 NGOs are entitled for foreign donation in line with the existing Foreign Donation (voluntary activities) Regulations Ordinance, according to the NGOAB officials.
The Bangladesh Bank (BB), the country’s central bank, is monitoring the inflow of foreign donation, which has been disbursed through only banking channel, for NGOs, a central bank official said.
“The central bank prepares report on disbursement of foreign donation for NGOs on a half-yearly basis in line with the figures, provided by all scheduled banks,” the BB official said.
BBN/SSR/AD-07Dec12-2:01 pm (BST)