Prof Muhammad Yunus’ removal from the post of Grameen Bank’s managing director surprised many of its borrowers, who dubbed him the pathfinder in elevating them from poverty.
Ayesha Khatun of Noorpur in Pabna took a Tk 130,000 loan from Grameen Bank on November 10, 2009 to help her son run a computer
bangladesh bank
Unfair, ominous
Say economists, Yunus admirers; US embassy ‘deeply troubled’ by move
Economists with huge policy-making experience denounced the way the government decided to remove Prof Muhammad Yunus from the Nobel Prize winning Grameen Bank.
Prof Wahiduddin Mahmud, Dr Hossain Zillur Rahman, and Dr Debapriya Bhattacharya said the move will send a negative signal to the country’s microcredit
Yunus removal seen as harassment move
Economists, rights activists and jurists saw the removal of Muhammad Yunus from Grameen Bank as a move to harass an individual instead of bringing remedy to people’s sufferings caused by the much-hyped micro credit.
Jahangirnagar University’s economics teacher Anu Muhammad said that the government’s
Banker to the Poor captivates world
Professor Muhammad Yunus began his Grameen Bank Project in Jobra, a village near Chittagong University, his then workstation, in the port city in 1976 in an effort to reverse conventional banking practice and take financial services to the deprived.
His first project was lending his own money to the destitute basket-weavers. The idea
Govt in a fix over how to sack Yunus
Govt in a fix over how to sack Yunus
David Bergman and Abdullah Juberee
The Bangladesh Bank, the finance ministry and the law ministry are in disagreement with each other about how to sack Muhammad Yunus from his position as managing director of the Grameen Bank.
The finance ministry, following advice it received from the law ministry, asked the Bangladesh Bank on Tuesday to use the powers set out in the Banking Companies Act 1991 to force the
Yunus issue a legal matter, says Muhith
The scheduled meeting between the Finance Minister Abul Mal Abdul Muhith and Noble laureate Prof Muhammad Yunus reportedly over his continuity as Managing Director of Grameen Bank has been deferred by a couple of days due to the visit of Princess Anne to Bangladesh. The Finance Minister told The Independent Tuesday that he will talk with Yunus over the issue arising from a Bangladesh Bank
Yunus beyond legal age limit
BB Letter To Finance Ministry
Yunus beyond legal age limit
Grameen Bank chairman presents it at board meeting
The chairman of Grameen Bank yesterday presented a letter at a board meeting that questioned the post of Professor Muhammad Yunus as its managing director beyond his retirement age.
The letter was written by a Bangladesh Bank official to the finance ministry expressing an opinion that Prof Yunus continued to hold the post beyond his retirement age of 60, which was
Banks given June deadline to reduce credit growth
Bangladesh Bank on Sunday asked commercial banks to bring down the credit growth in line with their deposit growth by June.
The central bank warned the banks that it would take stern actions against them if they failed to adjust the credit-deposit ratio