Credit Rating Agency of Bangladesh Ltd. (CRAB) and Centre for Development Innovation and Practices have entered into a strategic partnership through the signing of a Memorandum of Understanding (MoU).

The MoU was formally signed recently at a ceremony by Mifta Naim Huda, Executive Director, Centre for Development Innovation and Practices, and Shams Azad, Managing Director & CEO, CRAB, in the presence of senior officials from both organisations.

Through this partnership, CRAB and Centre for Development Innovation and Practices will jointly explore opportunities for market development initiatives aimed at strengthening the CMSME (Cottage, Micro, Small and Medium Enterprise) segment and supporting its continued growth.