Talks on for compromise with Grameen’s Yunus
March 25th, 2011 - 1:56 pm ICT by IANSDhaka, March 25 (IANS) The Bangladesh government is holding talks to reach a compromise with Grameen Bank founder Muhammad Yunus, Finance Minister A.M.A. Muhith has said.
“Various proposals have to be considered to reach an honourable solution to the issue,” Muhith said, adding a word of caution for the media, “Don’t ruin our effort by digging too much into it”, the Daily Star reported Friday.
Yunus, who won the Nobel Peace Prize along with Grameen Bank that he founded three decades ago, was removed from the post of managing director.
He lost his appeal before the high court and has moved the supreme court. A hearing is pending.
Demands for a compromise between Yunus and the government are growing louder in the country.
Among those who have strongly backed Yunus is US assistant secretary for Central Asia and South Asia Robert O. Blake, who was in Bangladesh on a four-day visit and publicly spoke about the issue holding talks with government officials.
Meanwhile, the government said it was preparing to monitor the working of the country’s micro-credit programmes.
An official body will probe allegations that non-government organisations distributing small sums of credit to borrowers were charging high interest rates in the name of service charges.
An inter-ministry meeting has been called March 31 to work out measures to stop NGOs from charging high interest “so that poor people do not lose everything in the process”, the New Age quoted an official as saying.
- Bangladesh forms panel on Grameen Bank - May 16, 2012
- Bangladesh's Grameen bank chief Yunus steps down - May 13, 2011
- Bangladesh apex court confirms Yunus removal from Grameen Bank (Second Lead) - Apr 05, 2011
- Yunus can't be Grameen managing director: Dhaka - Mar 21, 2011
- 'Charges against Muhammad Yunus politically motivated' - Feb 18, 2011
- Government probe clears Yunus on handling of foreign funds - Apr 26, 2011
- Grameen's Yunus says he is not a political threat - Mar 26, 2011
- Bangladesh Govt. asks Muhammad Yunus to give up Grameen Bank post - Feb 16, 2011
- Yunus quits as Grameen Bank managing director (Lead) - May 13, 2011
- Dhaka asks Grameen Bank chief to step down, Yunus refuses - Feb 15, 2011
- Grameen Bank urgently needs a regulator: probe report - Apr 27, 2011
- Bangladesh to probe Grameen 'irregularities' - Dec 23, 2010
- Bangladesh government announces new Grameen Bank chief - May 12, 2011
- Yunus remains Grameen Bank chief despite court verdicts - May 07, 2011
- US asks Bangladesh to compromise with Yunus - Mar 20, 2011
Tags: assistant secretary, bangladesh government, bank founder, borrowers, central asia, daily star, dhaka, finance minister, government officials, government organisations, grameen, high interest rates, micro credit, muhammad yunus, ngos, nobel peace prize, service charges, South Asia, three decades, who won the nobel peace prize