Nobel Peace Prize laureate Yunus in fear

Lily

B.R
Staff member
Dhaka: Nobel Peace Prize laureate Muhammad Yunus says he is worried about the future of the pioneering microlending bank that he founded now that Bangladesh's government has successfully ousted him as its head.

Yunus indicated he fears the government may seek to influence Grameen Bank's governing structure and its lending policies, which could destabilize the agency.

In a statement late Saturday, the prominent government critic said he feels there is a "growing doubt" over the government's role in civil society.

The country's highest court recently upheld a government decision to remove him as head of Grameen, ending decades of leadership at the bank that he set up to lend money to the poor.

The bank currently has about 9 million borrowers in Bangladesh, mostly women.
 
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