InM signs Agreement with Bangladesh Bank

May 22nd, 2022 by

InM has signed an agreement with Bangladesh Bank (BB) for conducting a study on ‘Comprehensive Rural Finance’. The agreement was signed on 17 May 2022 at the Bangladesh Bank Head Office, Motijheel C/A, Dhaka.

Dr. Farhana Nargis, Research Fellow, InM and Mr. Md. Golam Mostafa, General Manager, Human Resources Department-1, BB signed the agreement on behalf of their respective organisations. Dr. Mustafa K Mujeri, Executive Director, InM; Mr. Md. Kazi Saidur Rahman, Deputy Governor, BB; Mr. Serajul Islam, Executive Director, BB; Dr. Md. Ezazul Islam, General Manager, Chief Economist’s Unit, BB; Dr. Md. Habibur Rahman, Chief Economist, BB; Mr. Mahbubur Rahman, Joint Director, BB; Mr. Md. Nahid Parvej, Deputy Director, BB; Mr. Shakil Ezaz, Deputy General Manager; Ms. Nahid Akhter, Senior Research Associate, InM and Mr. Farish Abdullah, Senior Assistant Director, InM were also present in the signing ceremony.

Mr. Md. Kazi Saidur Rahman, Deputy Governor, BB welcomed Dr. Mujeri and his team. He said that in order to accomplish the broader goal of providing credible research support for designing rural finance policies and institutional reorganisation by the Bangladesh Bank and other policy makers in support of the long-term policy agenda of the government for transforming Bangladesh to a high income country by 2041, this study will be a very timely and useful one.


In-Country Exposure Visit under WCAD Programme

January 25th, 2022 by

InM, in collaboration with, implemented an in-country exposure visit during 12-13 December 2021 in Rangpur and Thakurgaon districts which was participated by InM’s WCAD partner organisations. As a part of learning and gaining field-level operational experience on the WaterCredit Adoption (WCAD) programme, the exposure visit was organised by InM. It may be mentioned that the WCAD programme is currently being implemented by InM. Two successful partners of namely TMSS and RDRS were selected for the visit. These two partners are successfully implementing the WaterCredit programme for several years through which they have gained useful experience to share with other partners.









Under the WCAD programme, the participant partner organisations included IDF, SETU, BASA, BEES, CODEC, PMUK, SFDW, CDIP, DISA, and SDC; two senior staff from each partner participated in the exposure visit. InM facilitated the visit for creating opportunities for mutual learning by WCAD partner MFIs through which the partners got an opportunity to share their ideas and experiences regarding challenges and practical measures that could be adopted to facilitate effective implementation of the WCAD programme.


The objective of the visit was to learn WASH activities of partners, types of water and sanitation products being adopted in the plain land, awareness raising and borrower selection process, area selection criteria, loan disbursement process and related activities, WaterCredit loan celling, technical assistance, staff and beneficiaries training and capacity building process, water and sanitation product installation and maintenance process etc. In addition, RDRS and TMSS WaterCredit programmes were also discussed and on-sight visits were made to the programme areas.  For InM, the aim was to create a strong bridge among the partner organisations so that all MFI partners could gain practical knowledge, ideas and experience from successful partners of

During the exposure visit, the participants attended group meetings, courtyard sessions, and visited households to observe WASH interventions and share experiences of the borrowers. During the discussion sessions in the Kobirajhat branch of RDRS in Thakurgaon and Bhabanipur branch at Badorgonj of TMSS in Rangpur, overall implementation process and achievement of the programme, challenges in implementing WaterCredit programme, strategies to overcome the challenges, threats and opportunities, programme monitoring and evaluation process, programme outcomes/impacts, reporting system etc. were discussed.

Furthermore, the participants also gained experience from classroom trainings/visits, discussion with branch managers on WSS loan disbursement process, with field officers on programme monitoring, with higher officials about management strategies and feedback, opportunity of WaterCredit programme etc. A total of 20 participants from InM WCAD partner MFIs participated in this exposure visit which enabled them to gather useful field level experience on overall WaterCredit programme implementation. With successful ending of the visit, the participants seem to have instilled useful motivation and practical knowledge to adopt new leanings to implement and achieve the WCAD programme goals for respective organisations.

Ongoing Research: Study on Inclusive Business Model to Encourage Investment in CMSMEs in Bangladesh

December 14th, 2021 by

It is widely accepted that the growth of CMSMEs in Bangladesh has a multiplier effect on the national economy, specifically on employment, GDP growth, and poverty reduction. These enterprises generate more direct jobs per unit of investment than do large enterprises. They serve as training grounds for developing technical and entrepreneurial skills and, by virtue of their greater use of indigenous technological capabilities, they promote local inter-sectoral linkages (particularly with agriculture) and contribute to dynamism and competitiveness of the economy.

The objective of this study is to explore and suggest inclusive business models (IBMs) to encourage investments in CMSMEs in Bangladesh. The study has been initiated by the General Economics Division (GED) of the Bangladesh Planning Commission with support from UNDP. The study will explore and fulfill some key objectives, such as, understand the importance of CMSMEs for broad-based job creation and sustained economic growth along with poverty reduction in Bangladesh; assess the impact of ongoing Covid-19 pandemic on CMSMEs in Bangladesh;  evaluate the current investment scenario and financing barriers (e.g., access to finance) for the CMSMEs;  analyse how digital adoption can be beneficial for the CMSMEs; and design an IBM considering the gender issues for strengthening investments in CMSMEs in Bangladesh.

Within the above objectives, the study intends to explore the current investment scenario and financing barriers for the CMSMEs and design the IBM as a recovery pathway covering longer term objectives. The study will also analyse important dimensions of CMSMEs in Bangladesh; its nexus with achieving the SDGs; and identify the link between investment in CMSMEs, employment, economic growth, and poverty eradication. The study will also evaluate the impact of Covid-19 pandemic on CMSMEs in Bangladesh, analyse the CMSMEs considering gender issues and digital adoption by CMSMEs–all of which can contribute to green recovery of CMSMEs from Covid-19 and ensure future growth in a sustainable manner.

MoU signed between InM and Water.Org on “Pilot of a WaterCredit Adoption (WCAD) Programme”

June 1st, 2021 by




InM and Water.Org has signed a Memorandum of Understanding (MoU) on 01 June 2021 to jointly provide technical support to WaterCredit programme-MFIs (WCP-MFIs) covering capacity building, performance based incentives, in country/oversee exchange visits and other support for implementing the WaterCredit Adoption (WCAD) model by the partner MFIs. The overall objective of the programme is to implement the WCAD model by the partner WCP-MFIs through providing vulnerable people with affordable loans for developing quality water and sanitation facilities. More specifically, the programme will help develop organisational capacity of the MFIs through technical support provided by InM. In addition, it will build the implementation capacity of WCP-MFIs to reach more customers at the BOP through the WCAD model. As a result, it will improve hygiene behaviours of the beneficiaries by educating them to avail improved water and sanitation products. Dr. Mustafa K. Mujeri, Executive Director, InM and Mr. Rachel Brumbaugh Overton, Director, Global Operations, Water.Org signed the MoU on behalf of their respective organisations.

5th IIDC Board Meeting held

January 18th, 2021 by

The 5th Board meeting of IIDC was held on 18th January 2021. Due to Covid 19, the meeting was organised virtually. The Chairman of IIDC, Dr. Qazi Kholiquzzaman Ahmad presided over the meeting and Mr. Jahirul  Alam, Managing Director presented the meeting agenda. Other board members also attended the meeting.