Saturday, September 30, 2023

Micro-credit borrowers baffled

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

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 ... Read more

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 ... Read more

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 ... Read more

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 ... Read more