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Parliament Passes Grameen Bank Law November 8, 2013

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parliament -1The present parliament passed Grameen Bank law at its fag end to convert the said ordinance of 1983 into law and to increase the Govt authority on the bank in the face of opposition from its founder Dr. Mohammad Yunus.
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Dr. Yunus in the line of fire September 11, 2013

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yunus -2A Cabinet meeting on 8/9/2013 under the chairmanship of the Prime Minister Sk Hasina has decided to take legal actions for the irregularities in dodging taxes against his earning from abroad on account of his lectures, prizes and gift. (more…)

Grameen Bank to Split June 24, 2013

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Grameen Bank -to split-2Theconflict between Government and Dr. Yunus on Grameen Bank is probably at its last round. Government has decided to disintegrate the bank into 19 components that may distort its basic character and its nature of control. (more…)

Is USA doing excess on Yunus issue? March 30, 2011

Posted by bdoza in BANGLADESH, ECONOMY, GOVERNANCE.
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US Asstt. Secretary of State for South and Cental Asian Affairs Mr. Roger Blake recently visited Bangladesh and met with Prime Minister and other dignitaries and talked with the press. He expressed the US concern over the removal of Dr. Yunus from Grameen Bank. He said that Dr. Yunus and Grameen Bank bear a good image in USA also. Grameen Bank is also working there. USA is interested to see the freedom and integrity of Grameen Bank maintained. President Barak Obama and Secretary of State of USA Hillary Clinton are personally concern for Dr. Yunus. Hillary and Clinton have long personal association with Dr.Yunus since their days of Ankarasas. Obama bestows the Presidential Award of USA on Dr. Yunus. USA hopes that a settement can be found out by open discussion between Dr. Yunus and Bangladesh Government.

Is USA playing excess? Apparently it seems. Mr. Blake has gone far to even say that the visit of Hillary Clinton to Bangladesh will depend on the amicable settlement of the issue. Dipo Moni , our foreign minister termed excess US interest as interferce in our internal affairs. At this point the Adviser to the Finance spoke out and said that government is searching a solution for the issue and a committee is formed with the finance minister MA Muhith as the chairman of the committee.

Badruddin Omar and Farhad Majhar, two left leaning intectectual in Bangladesh look the matter as an interference in our internal issues. They see it as a part of all out agenda of USA to dictate the affairs of the region ranging from Afganistan to present conflict in Libya. Professor Imtiaz Ahmed of Dept of International Affairs of Dhaka University said that we created the opporunity for others to interfere in our own affairs.

Many also think that the way the government handle the matter not only demean the only nobel laureate of the country but also the country itself.

As the news goes, the government is taking new initiative to settle the issue. Finance Minister MA Muhith has given the assignment to do the job. Muhith wants Dr. Yunus to come up with fresh proposal.

An ordinary citizen

Dr.Yunus’ ‘removal’: exploring the reasons March 5, 2011

Posted by bdoza in BANGLADESH, GOVERNANCE, POLITICS, Yunus.
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Government of Bangladesh is trying to remove Dr. Yunus from the post of managing director of Grameen Bank that he developed on his own pioneering idea of micro-financing to the poor and empowering the women for the last 30 years. As per a 1983 ordinance Government holds 25% statutory stake now with less than 5% of the contribution of the bank.

The Government found him more than 60 years of age, an age limit set for the employees of the Grameen Bank but not for its MD. Th other fault is not taking prior approval of Bangladesh bank before his appointment as MD, though the Board of Directors, the appointing Authority of this bank, duly appointed him.

Then where does lie the fault? The ordinary citizen can only speculate 4 possibilities to explain the situation:

1) This Government may consider him as a threat to it’s ambition to stay in power for an indefinite period. Dr. Yunus has shown his political interest in 2007 floating a political party, though shortly afterwords he had withdrawn himself from the venture. He was also approched by the sponsors of the last care taker government to hold the post of Chief Adviser though he refused, but had suggested the name of Dr. Fakhruddin Ali Ahmed, a fellow economist who ran the caretaker government for long 2 years that successfully organized last national election of 2008 with the participation of all political parties. Dr. Yunus had his full blessing for the caretaker government.

2) Government may be thinking of taking control of Grameen Bank that has more than 8 million clients, has disbursed more than 16000 crore of money in the last year, has more than 20 commercial enterprises with renowned international companies like danone, Adidas, Viola.

3) May be the whole matter is personal. As Dr. Jafar Iqbal said in one of his recent articles that at one time Bangladesh was known to the world by the name of Bangabandhu Sk. Mujbur Rahman but Bangladesh is now known to the outside world by the name of Dr. Yunus and his activities. It may be difficult for someone in the center of the state to digest the matter.

4) Or there may be no apparent reason as Finance Minister MA Muhith said, there was no way out except to remove Dr. Yunus from Grameen Bank.

An ordinary citizen

Dr. Yunus in ‘Council of Elders’ July 21, 2007

Posted by bdoza in BANGLADESH, PERSONALITY, Yunus.
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dr-yunus-1.jpg

 

A new humanitarian alliance by the name ‘ Council of Elders’ was formed by the  global leaders on the 89th birthday of Nelson Mandela in Johannesburg, South Africa  

The ‘Elders’ is dedicated to find new ways to foster peace and resolve global crises, to support next generation of leaders.

The E’lders’ include  along with Mandela, Dr. Muhammad Yunus, Carter, Tutu, Koffi Annan, Ela Bhatt, a women’s right campaigner from India; former Norwegian Prime Minister Go Harlem Brudtland; Li Zhaoxing, a former Chinese envoy to the UN, who started his diplomatic carrier in Africa, Mandela’s wife Gracia Machei, a longtime campaigner for children’s right and  former Iris President Mary Robinson.

 

There are seven Nobel Laureattes in the group including Dr. Yunus.  

Bdoza

Dr. Yunus wins again July 3, 2007

Posted by bdoza in BANGLADESH, PERSONALITY, Yunus.
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dr-yunus.jpgDr Yunus has been chosen  as one of the best Social Entrepreneurs of the world of all times. This selection was made and published in the Business Week on the last 27th June 2007.

Business Week said that Dr. Yunus started his banking system by giving small loans to the village poor. Most of these loans are given to the women folk of the village. These women invest their money in different small agricultural and handicraft enterprises.

It continues that Grameen Bank which  was established by Dr. Yunus now has 2422  branches. From its inception it has given more than 600 crore dollars as loan to the poor. Loan holders are also the main shareholders of the Bank. Grameen Bank became profitable within 3 years of it’s stablishments.

Other great entrepreneurs who are in the list include  Bejamin Franklin(1706-1790), John D Rokfeller(1857-1945), Tomas Adison (1847-1901), Henry Ford (1863-1947), Azim Premji (1945), Oprah Winfrey(1954).

If, now retrospectively, we see how our leaders evaluated him, it will embarrass us, if not them. They tried to knock him out by malicious propaganda and false accusations because of the interest he had shown to come to politics.

He has not only withdrawn himself from politics but  also withdrawn himself from the media and society also.

He had shown his good gesture to change the face of our politics and the fate of our country but we cound’t accept that.

A few days back, he had his 68th birthday passed in a very simple way  in Dhaka.

Still then, he will be remembered as the first Nobel Laureate of Bangladesh and one the greatest  Social Enterpreneurs of all times. 

He will remain as a symbol of dedication, simplicity and greatness for the generations to come of our country and of the world. 

Bdoza