Brac has been ranked as the top non-governmental organisation in The Global Journal's list of 100 best NGOs in the world this year.
The Switzerland-based magazine considered approximately 450 NGOs that were evaluated on three criteria -- impact, innovation and sustainability, according to a press release yesterday.
Brac, the only NGO from Asia to have made it to top 10, rose from its previous rank of fourth place last year.
In its special edition, the journal said, "A member of the era-defining 1970s wave of Bangladeshi micro-credit and microfinance pioneers alongside the Grameen Bank and ASA, Brac has since gone on to outpace its old counterparts and assume an unparalleled position in the crowded field of international development."
"While size is not often an indication of quality, BRAC represents a welcome outlier and a continuing force for good at the global level," it added.
Brac, the word's largest development organisation, was founded by Sir Fazle Hasan Abed in 1972, and currently operates in 11 countries across Asia, Africa and the Caribbean.
In an instant reaction, Abed said, "I hope this will encourage Brac to continue its work with innovation and efficiency towards creating more opportunities for the poor."