Who is Muhammad Yunus, next leader of Bangladesh in interim govt
This article explains who is Muhammad Yunus, to become the interim Prime Minister of Bangladesh based on the protestors’ demands. After weeks of fatal anti-government protests, a Nobel laureate renowned as the “banker to the poor” has responded to student protestor’s appeal for him to take interim charge of unstable Bangladesh.
According to protestors, Muhammad Yunus is the only person who will work to restore stability to Bangladesh following massive chaotic weeks.
Following this, the press secretary of Bangladeshi President, Yunus would lead an interim government in the aftermath of the ousted Sheikh Hasina.
Yunus, 84 years old, is a social entrepreneur and banker who received the Nobel Peace Prize in 2006 for developing innovative microfinance solutions that reduced poverty in Bangladesh.
His work was also adopted worldwide. However, he has criticized Hasina Sheikh for a long time for her dictatorial policies and government strategy.
Click here to read the updates on Muhammad Yunus’s sentence to jail for violation of labor law
Who is Muhammad Yunus?
Yunus was born in Chittagong, a port city in southeast Bangladesh in 1940. He earned a Ph.D. in economics on a scholarship at Vanderbilt University in America after studying at Dhaka University in 1971.
A year after Bangladesh gained independence from Pakistan in 1972. He went back to Chittagong University as a professor the same year.
However, a catastrophic famine came in 1974 which devastated the nation while killing an estimated 1.5 million Bangladeshis. He found it difficult to teach fancy theories of economics in his university classroom due to the terrible famine.
It inspired him to help the poor nation immediately and he started providing small loans out of his pocket to people. He eventually founded Grameen Bank in 1983 to give loans to poor people following a policy of microlending.
Grameen Bank continued to grow over time. It had given loans about $6 billion in housing, student, and micro-enterprise loans, especially in support of Bangladeshi women in 2006.
He also founded the Yunus Centre in 2006. It is a Dhaka-based think tank that helps develop new social businesses. Afterward, he received the Nobel Prize in 2006 for his significant impact on the lives of underprivileged Bangladeshi people.
Read More:
- Niger Fuel Tank Explosion: 48 people died after tanker-truck collision
- Jordan gunman killed three Israeli guards at West Bank border
- 30-year-old China man died from organ failure after working for 104 days
- Lamu Deputy Governor Raphael Munyua died in Nairobi Hospital
- Hillside Academy Endarasha fire outbreak killed 17 school students
- Kenyan mother donates her excess breast milk to needy newborn children
Share this content:
Post Comment