Nobel laureate Muhammad Yunus on Thursday termed the amendment to Grameen Bank Ordinance ‘a black day’ for the nation and said it would mark the beginning of the end of the glorious history of Greameen Bank.’ The founder of Grameen Bank made the remarks in a press statement within hours of the government notifying the ... Read more
nobel laureate
Autonomy curbed
4 leading personalities censure govt move Civil society leaders yesterday condemned the government move to curtail the autonomy of the Nobel winning Grameen Bank as an undemocratic decision that they believe would give negative signals to the world. The cabinet approved of an amendment to the Grameen Bank Ordinance 1983, which would reduce the power ... Read more
Save the bank
Appeals shocked Nobel hero Shocked. Speechless. This is what Nobel Laureate Professor Muhammad Yunus said after the government empowered the Grameen Bank chairman in choosing a managing director for the microlender. Here is the statement of the Grameen Bank founder:
I’m fearful of its future
Grameen Bank I’m fearful of its future Says Yunus in an open letter Prof Muhammad Yunus yesterday urged stakeholders and the government not to take any step to change the legal structure of the Nobel-winning Grameen Bank. In an open letter to the borrower owners of Grameen Bank, Yunus expressed his fear that steps are ... Read more
No Yunus
Muhith rules out Nobel hero-led search committee for Grameen Bank MD The government yesterday dismissed the proposition of making Prof Muhammad Yunus the head of a committee to find the managing director for Grameen Bank. “Some members [of the Grameen Bank board] proposed appointment of Dr Yunus as the chairman of the search committee. But ... Read more
Yunus among 12 greatest entrepreneurs
Fortune Magazine’s List Yunus among 12 greatest entrepreneurs Nobel Laureate Prof Muhammad Yunus has been named by Fortune magazine as one of the 12 Greatest Entrepreneurs of Our Time. This list published in the magazine’s latest issue places Prof Yunus among the band of highly exclusive individuals, all of whom are known throughout the world ... Read more
Yunus unwilling to be WB chief
Thanks PM for proposal; says he would rather head ‘World Social Business Bank’ in future Nobel Laureate Prof Muhammad Yunus has said he is not interested in taking the helm of the World Bank, as he wants to dedicate his life to social business. In a statement issued yesterday, he, however, thanked Prime Minister Sheikh ... Read more
Let poor prove their ability
Prof Yunus tells Vienna Social Business Summit Nobel laureate Prof Muhammad Yunus yesterday said the poor people of Bangladesh were like Bonsai, who have been stunted by oppression. But they have the ability to grow if they are given the opportunity. He was addressing the concluding session of the third Global Social Business Summit, hosted ... Read more
Yunus meets Hillary Clinton
Nobel laureate Muhammad Yunus met the US secretary of state, Hillary Rodham Clinton, at her office in the state department on Thursday. They discussed a broad range of issues relating to microcredit and social business as tools to fight poverty, and other issues relating to women and global justice, according to a message from
Yunus’s lawyers call HC order ‘perverse’, ‘biased’
Lawyers acting for Mohammad Yunus, the founder of Grameen Bank, argued on Monday before the Appellate Division of the Supreme Court that the High Court order, which had ‘summarily dismissed’ their application challenging the legality of Bangladesh Bank’s attempt to remove their client from his post of managing director, was ‘perverse’,
Appoint Yunus as chairman
Grameen Bank employees urge govt Employees of Grameen Bank yesterday urged the government to appoint Nobel laureate Prof Muhammad Yunus as chairman of the microfinance bank to ensure its smooth running. “If Prof Yunus cannot be allowed to work as managing director for crossing retirement age, he should be appointed chairman,” said Md Shamsul Alam, ... Read more
Yunus wants to see Grameen Bank unharmed
Nobel laureate Dr Muhammad Yunus on Wednesday said he want to see Grameen Bank remains unscathed in future. The microcredit guru told this to the review committee on the issues relating to Grameen Bank while presenting his exit plan at a meeting at
Yunus’ plea hearing adjourned till Apr 4
The Supreme Court on Tuesday adjourned till April 4 the hearing on the appeals filed against the High Court verdict that upheld a Bangladesh Bank order removing Muhammad Yunus from the office of Grameen Bank managing director. The seven-member bench of the Appellate Division headed by Chief Justice ABM Khairul Haque
US for govt talks with Yunus
Blake says compromise possible; Wolfensohn backs amicable solution The United States yesterday called for a dialogue between Prof Muhammad Yunus and Bangladesh government to reach a solution to the dispute over the status of the Nobel laureate in the Grameen Bank he founded. “‘I do believe that a compromise is possible and I am encouraging ... Read more
Room still there for compromise
Blake says about Yunus’ removal after meeting PM; Muhith says Yunus could be a fellow at GB US Assistant Secretary of State for South and Central Asian Affairs Robert Blake yesterday said “there is still room for compromise” in resolving the issue arising from the removal of Nobel laureate Prof Muhammad Yunus as the Managing ... Read more
Norwegian Television’s big lie
by David Bergman Tom Heinemann, the director of the documentary broadcast on Norwegian television which accused Muhammad Yunus of transferring aid money out of the Grameen Bank and using some of it to fund a telecom company, appears on the cusp of securing a big scalp. There can be little doubt that without the broadcast ... Read more
More support for Yunus from abroad
The world’s best-known microfinance institutions and over a dozen Bangladeshi scholars living abroad condemned the government move to remove Prof Muhammad Yunus from Grameen Bank. In a statement, Tilman Ehrbeck, chief executive of the Consultative Group to Assist the Poor (CGAP), and Vijay Mahajan, chair of the CGAP board, said, “We are deeply concerned by ... Read more
Abed, Yunus among world’s top 100
Two renowned Bangladeshis have been included in a list of ‘Top 100 Individuals’ who have committed themselves to improve the lives of girls and women around the world. Founder of Grameen Bank and Nobel laureate Dr Muhammad Yunus and Sir Fazle Hasan Abed, founder and chairperson of Brac, were included in the list prepared by ... Read more
Grameen Bank on Joy’s letter
Sajeeb Wajed Joy, son of Prime Minister Sheikh Hasina, has riddled Grameen Bank with allegations of tax evasion, fraud and illegal activities under its founder Muhammad Yunus, prompting the microlender to issue a firm rebuttal. In a statement yesterday, the “Bank for the Poor” disputed Joy’s letter, published in a section
Full SC bench to decide Yunus’ fate
Hearing on Mar 15; move on to find new MD for Grameen Bank Nobel laureate Dr Muhammad Yunus yesterday filed an appeal with the Supreme Court in a final attempt to stay as the managing director of Grameen Bank he founded nearly three decades ago. In the appeal filed with Supreme Court chamber judge Justice ... Read more