On Wednesday September 15, Mayer Brown’s New York office hosted an event on behalf of BRAC (www.bracusa.net or www.bracusa.org), a leading global microfinance and development leader, titled “Breakthrough Development: Linking Theory and Practice.” BRAC was founded in Bangladesh in 1972 and has been a pioneer in microfinance, health, education, and social justice. BRAC works in nine countries across Asia and Africa, as well as Haiti, impacting 138 million people through 125,000 employees.
The event was attended by almost one hundred industry participants and featured two of the most recognized global leaders in the field of international development, Sir Fazle Abed and Dr. Amartya Sen. Sir Fazle Abed is the Founder and Chairperson of BRAC. Dr. Sen is a development economist at Harvard and was awarded the Nobel Prize in Economics in 1998. The evening also featured a presentation from Susan Davis, President and CEO of BRAC USA.
Mayer Brown has supported BRAC for several years, including assisting on organizational and tax exemption work; acting as counsel for a groundbreaking $62 million credit facility to support BRAC’s expansion into Uganda, Tanzania, and Southern Sudan; providing trademark advice; and counseling BRAC’s global expansion and alternative future structures. For more information on Mayer Brown’s microfinance and access to finance group, please visit https://www.mayerbrown.com/microfinance/.