Mr. F H Abed, Founder & Chairperson BRAC and President BU Governing Board attended a two-day Excom meeting in Paris that started on March 14, 2005. Among various other issues, the agenda for this Excom meeting included comparing notes on major recent issues, sharing updates on Year of Microcredit, rotations of Excom members and Election of new Chair, Update of major developments in FY05 work plan, major strategic directions for FY06 workplan, the future of CGAP, and budget and funding for CGAP III.