Sajjadur Rahman A debate over the ownership of the Grameen Bank is brewing, as the finance and foreign ministers have repeatedly claimed Grameen is a government institution. A question about the government’s stake in the bank came to the fore after the “removal” of Nobel laureate Prof Muhammad Yunus from the post of its
dr muhammad yunus
Senator Kerry worried at ‘removal’ of Prof Yunus
Senator John Kerry, chairman of the United States senate committee on foreign relations, has expressed concern over ‘removal’ of Nobel laureate Muhammad Yunus from Grameen Bank, saying the international community would keep a close eye on the situation. “I am deeply concerned by efforts to remove Muhammad Yunus as managing director of the
‘Removal’ rolls into HC
Order on Yunus’ petition Sunday; Nobel hero wants a ‘graceful solution’ to his departure from Grameen Professor Muhammad Yunus yesterday went to court challenging the central bank order that removed him from the post of managing director of Grameen Bank, while the wider international community showed its displeasure at the way the Nobel prize winner ... Read more
US deeply troubled
Moriarty says Hillary-Yunus meet Mar 28; diplomats, donors worried, frustrated Foreign diplomats in Bangladesh have sharply reacted to the government’s move to remove Nobel laureate Prof Muhammad Yunus from Grameen Bank and none of them took it positively. They said they never thought that the government could make such an extreme move against an internationally ... Read more
Arguments at court
Appearing for Prof Muhammad Yunus, eminent jurist Dr Kamal Hossain prayed for a ruling on the government to explain why the Bangladesh Bank’s “letter of removal” should not be declared illegal. He also prayed for a stay order on the effectiveness of the central bank’s letter. Nobel laureate Yunus at the High Court yesterday challenged ... Read more
Image dented
Admits Muhith, but says ‘we had no other alternative’ Bangladesh’s image has been dented due to the government’s “removal” of Nobel laureate Professor Muhammad Yunus from Grameen Bank, Finance Minister AMA Muhith admitted yesterday. “It has not lifted the country’s image at all, but we had no other alternative,” he told journalists after a meeting ... Read more
Yunus ‘removed’
Central Bank issues letter to Grameen Bank; Grameen terms it a legal issue, insists the Nobel hero still holds office Dr Muhammad Yunus, the man who brought a Nobel Prize for Bangladesh, and the most celebrated living Bangladeshi around the globe, was unceremoniously relieved of his duties at Grameen Bank yesterday through a Bangladesh Bank ... Read more
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