Friday, March 29, 2024

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