Grameen Experience and Prospect of PPP in Bangladesh August 14, 2012Posted by bdoza in BANGLADESH, ECONOMY.
Tags: Grameen, PPP, Public Private Partnership, Yunus
1 comment so far
I was listening to a talk show in the midnight in one of TV channels. One of the experts of the program was a professor of a university. He was discussing the impact of experience of Grameen on the future of Private Public Partnership’ in Bangladesh.
Grameen Bank was institutionalized through an ordinance in 1983. Through this ordinance, Bangladesh Government has the privilege of having a percentage of share in the capital of Bank and also to appoint the chairman and to have 2 more members in the board of directors. Initially the government had a good share but at present it comes to 3% and the client shares is 97%.
Dr. Muhammad Yunus was its Managing Director since its inception till 2011 until he had to resign on the pressure of the government. During his stay in the helm of bank over the last 30 years, Dr. Yunus had transformed the bank into an internationally acclaimed institution that also brought Nobel Peace Prize Prize not only for him but also for Grameen Bank. Grameen bank has 8.3 million borrowers, 97% of whom are women, about 25 thousand employees, covered above 80,000 villages, distributed more than 11.5 billion US $ (approx. tk 700 billion), recovery rate is 95%.
Government has recently taken a move to change the Grameen Bank ordinance 1983 to empower the government selected-chairman to fix the managing director of his choice ignoring the elected members of the borrower-shareholders of the Grameen bank. Earlier the government also forced Dr. Muhammad Yunus to resign from his of Managing Director against the will of Board of Directors.
The move will create confusion in the minds of the willing partners of PPP of loosing their control on the joint enterprises with the Government.
An ordinary citzen
Grameen Again: A State vs An Individual August 7, 2012Posted by bdoza in BANGLADESH, GOVERNANCE.
Tags: Grameen, Hasina, Muhammad Yunus, Yunus
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The Council of Minister of Bangladesh has adopted a proposal on 2nd August 2012 to amend the Grameen Bank Ordinance 1983 to reduce the power of Board of Directors to select the Managing Director of the Bank and to empower the Chairman of the Bank to nominate the same on his own choice.
The proposals also include clauses that question the legality of Dr. Mohammad Yunus to enjoy the financial benefit after
the age of 60 yr that he had served as MD of the Bank. The Council of Ministers also asks the NBR to check the money he earned as wage earner and tax that he had evaded for that.
Dr. Yunus has expressed fear and frustration over the move of the Government as it will destroy Grameen Bank and deprive its women shareholder their due right and ask the countrymen to step forward to save the bank.
Dr. Kamal Hussain, an eminent jurist and an author of Bangladesh Constitution, wonders why Government is out to damage the reputation of Dr. Yunus . Dr. Hussain Zillur Rahman, an economic researcher and an Ex-Adviser to the Caretaker Government and Dr. Mirza Azizul Islam, ex-Finance Adviser to the last caretaker government also criticized the move of the Government.
In an editorial,Daily Star, the English daily cautioned that the amendment will undermine the Grameen Bank and the move will end in politicization.
The US also expressed its worry at Government actions on Grameen Bank and it sees the move as a disregard to the request Hillary Clinton made in her last visit to Bangladesh a few months back.
An ordinary citizen
7th Aug 2012
NBR men swoop on 54 Grameen entitis
8th August 2012
NBR finds no wrongdoing in taxes by Grameen or Dr. yunus.
9th Aug 2012
58 leading women leaders ask Government to leave Grameen Bank as it is and not to change the ordinance and deprive the owners
Dr.Yunus, controversies & comments December 16, 2010Posted by bdoza in BANGLADESH, GOVERNANCE, Media, POLITICS, Yunus.
Tags: Grameen Bank, microcredit, microfinance, Yunus
When I first saw the news in a leading Bangla newspaper, I was surprised and hardly believe myself. The headlines and the news is arranged in such a way as if Dr. Yunus has removed $700m from Grameen Bank for his own purpose. Many people who didn’t go into the depth of the news would be confused the way it was presented in the media except a few.
Tom Heinemann, a journalist from Denmark cites in his documentary of the events of 14 years back that was shown in the Norway National Television. The documentary shows that Norway and allied countries collected 700m and donated to Grameen Bank for the alleviation of poverty.
Grameen Bank in a Board Meeting headed by Dr. Yunus decided to transfer the money to Grameen Kalyan for better utilization of money. The money was deposited back to Grameen Bank, the interest of which was utilized for education, housing and business of the poor people.
Interesting is that the news got huge coverage in Bangladesh media. They not only accused Dr. Yunus of wrong doing but many of them expressed their in-confidence over the microcredit system operating in the country and abroad. In the Internet blogs, facebook and other social media were flooded with posts and comments. While many of the comments from Bangladesh were crudely critical, the observation from outside were mostly cautious. The Grameen Bank on behalf of Dr. Yunus was awkwardly trying to defend Dr. Yunus by disseminating the facts at its hand. Even MPs demanded inquiry into the allegation. Prime Minister Sk. Hasina came out as the harshest critic on the event. Dr.Yunus hails the bid for inquiry. He emphasised that there was no wrong doing. A news also circulated in the media in reference to Indian PM which proved false.
When the tide was at it’s peak, the Government of Norway issued a statement that there is no irregularities or embezzlement of any fund by Dr. Yunus and Grammeen Bank and the issue was settled in 1998. The statement drew a curtain over the controversies regarding Dr. Yunus and Grameen Bank pointing at the shallowness of our thoughts and intellect as a nation.
I was amazed by some of the answers of Dr. Yunus to the journalists when he came back to Bangladesh a few day’s back. At the end of interaction, he hoped that Bangladesh will move forward by the collective effort of us all.
But one thing is not clear to me why Tom Heinemann, took an event of 14 years back, the dispute of which settled at that time. Is it because he is a self employed journalist who thrives on so called investigative report and chose Dr.Yunus, who was at his peak of popularity , as his target to become famous in days? But it is not him to blame but it the temperament of Bangladesh people that made the news so important.
An ordinary citizen
Vilification of Grameen: Daily Star editorial
Honouring ourselves- Dr. Rehman Sobhan
Proud of Dr. Yunus-Dr.. Muhammad Ali Bhuiyan-University of North Carolina
A very dignified response-Abdul Hannan in Daily Star
Why this tirade against Professor Yunus-Dr. Fakhruddin Ahmed -a Rhodes Scholar
A case has been filed against Dr. Yunus in a magistrate court in Myemenshigh for making comments against the politicians in 2006.
A parliamentary committee has been formed to probe into the allegations against Grameen Bank.
Dr. Yonus appeared at the magistrate court to reply to the summon.
USA requested Bangladesh to deal with respect the matters related with Dr. Yunus.
Parliamentary subcommittee has submitted 16 allegations against Dr. Yunus and Grameen 8ank.
A case has been put against dr. Yunus for adulteration in the Sakti dai. Sakti dai is a food product of Grameen Dannon a joint venture of Grameen with Dannone- a world leader in nutritional product.
South Asian Union by 2030- Yunus new vision December 11, 2009Posted by bdoza in BANGLADESH, ECONOMY, POLITICS, Yunus.
Tags: India, South Asian Union, Yunus
Nobel Laureate Dr. Muhammad Yunus in Hiren Mukharjee Memorial Speech in the Indian Parliament expressed his vison for a South Asian Union by the year 2030. He drew the picture of a common flag alongside the national flag of the member countries, a common currency and a large area of common domestic and foriegn policies for the union. The idea is the reflection of the political and economic success of the European countries after forming the EU.
His vision of South Asian Union is his new idea after projection his idea of social business on which he is now working in Bangladesh on a number of projects with some major companies of the world like Danone, VVeolia, Intel, Adidas, BASF and Otto.
At this moment the idea of South Asia Union is a difficult proposition as there are multiple conflicting issues exist among the South Asain countries and there are also distrust and religious and political differences among the nations.
Still the idea of Dr. Yunus will be pondered upon in future by both public and politicians alike of this area.
An ordinary citizen
Link: Full Text of the speech