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Annual Reports

 

2008 Annual Reports (pdf)

• Bangladesh
• Afghanistan
• Southern Sudan
• Tanzania
• Uganda
• USA

2007 Annual Reports (pdf)

• Bangladesh
• Afghanistan
• Uganda

   

2006 Annual Reports (pdf)

• Bangladesh

Financial Information
BRAC uses every dollar efficiently

A naturally thrifty organisation, we keep our overhead low - always less than 7 percent - to make more money available to our programmes. With modestly-compensated staff  who live in simple accommodations close to the people they serve, BRAC uses every dollar efficiently. When we enter a community, we do so with the idea of reaching the largest possible number of people with the support and services that they need most. Having honed our skills over three decades, we know how to start small and how to rapidly scale up effective anti-poverty efforts. The growth of BRAC in Bangladesh over the past three decades is reflected in our solid financial performance. Our annual programme expenditures in 1980 were USD $780,000, growing to USD $485 million in 2007. Underlying this staggering growth is our transformation from a small, local development organisation to a global movement fighting to end poverty.

• 2008 Financials
• 2007 Financials

Financing BRAC’s international programmes

Internationally, BRAC has built a solid financial base in Bangladesh growing from a tiny start-up into the largest development organisation in the country. In 1980, programmes in Bangladesh were funded exclusively with donor funds. However, over the years we have steadily reduced our dependence on donor contributions through expanding microfinance and developing social enterprises, which have not only created employment for many poor people, but have also enabled us to generate income for our programmes.

Similarly, when we first launched our programmes in Afghanistan in 2002, we again found ourselves in a start-up mode, self-financing our budget in the first year. As we began to demonstrate success, we received donor funds to scale-up our programmes. As in Bangladesh, we have begun building a path to financial self-sustainability and as of 2007, 40% of annual expenditures were self-financed.

How is BRAC funding its programmes in Africa?

2006 marked the start of our programmes in Africa. In extending our reach to Africa, we must rely on private donors as donor countries make grants directly to national governments in Africa, rather than to organisations on the ground. Given the fact that we are unable to access government grants on the scale needed for our programmes in Africa, we need sustained philanthropic support to continue expanding and launching new programmes while we work towards financial self sustainability in every country where we operate.

BRAC won the CGAP Financial Transparency Award in 2005 & 2006

BRAC’s commitment to accountability and transparency has been recognised by CGAP, an independent policy and research centre dedicated to advancing financial access for the world’s poor.