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
United States
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
US asks govt not to harass Yunus
David Bergman US officials have told Sheikh Hasina that there will be no further high-level diplomatic interaction between the United States and Bangladesh until the harassment of Muhammad Yunus, founder of the Grameen Bank, ends. A senior western diplomat, with direct knowledge of these conversations, told New Age that