Muhammad Yunus: Bangladesh's 'banker to the poor'

Bangladesh News

Muhammad Yunus: Bangladesh's 'banker to the poor'
Interim GovernmentMuhammad YunusNobel Laureate
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Affleck has no illusions that he and J.Lo can repair their rocky marriage, nor does he want to, insiders said this week.

Nobel peace prize winner Muhammad Yunus was flying back to Bangladesh on Aug 8 to lead a caretaker government after a student-led uprising ended the 15-year rule of Sheikh Hasina. – AFP

Grameen Bank, the microfinance lender he founded, was lauded for helping unleash breakneck economic growth in Bangladesh and its work has since been copied by scores of developing countries. Hasina's 15-year tenure was characterised by a growing intolerance of dissent before her hurried resignation and departure from Bangladesh on Monday and Yunus's popularity had marked him as a potential rival.

Yunus was hit with more than 100 criminal cases and a smear campaign by a state-led Islamic agency that accused him of promoting homosexuality. All four had denied the charges and, with courts accused of rubber-stamping decisions by Hasina's government, the case was criticised as politically motivated by watchdogs including Amnesty International.Student leaders, whose protest campaign culminated in Hasina's ouster, met the military and President Mohammed Shahabuddin late on Tuesday and the decision was made to"form an interim government with... Yunus as its chief", Shahabuddin's office announced.

Yunus won a Fulbright scholarship to study in the United States and returned soon after Bangladesh won its independence from Pakistan in a brutal 1971 war.

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