Bangladesh's Nobel laureate Muhammad Yunus has been chosen to caput the country's interim authorities aft the nation's longtime premier curate resigned and fled overseas successful the look of convulsive unrest against her rule.
Known arsenic the "banker to the poorest of the poor" and a longtime professional of the ousted Sheikh Hasina, Yunus volition enactment arsenic a caretaker premier until new elections are held. The determination followed a gathering precocious Tuesday that included pupil protestation leaders, subject chiefs, civilian nine members and concern leaders.
Hasina was forced to fly connected Monday aft weeks of protests implicit a quota strategy for allocating authorities jobs turned into a broader situation to her 15-year rule, which was marked by a rising system but an progressively authoritarian streak.
BANGLADESH PM RESIGNS, LEAVES COUNTRY AFTER RESIDENCE IS STORMED BY PROTESTERS, ENDING 15-YEAR RULE
Hasina’s departure has plunged bangladesh into a governmental crisis. The service has temporarily taken control, but it is unclear what its relation would beryllium successful an interim authorities aft the president dissolved Parliament connected Tuesday to pave the mode for elections.
Student leaders who organized the protests person wanted Yunus, who is presently in Paris for the Olympics arsenic an advisor to its organizers, to pb an interim government.
He could not instantly beryllium reached for comment, but cardinal pupil person Nahid Islam asserted that Yunus agreed to measurement successful during a treatment with them. The 83-year-old is simply a well-known professional and governmental hostile of Hasina.
Yunus called her resignation the country’s "second liberation day." She erstwhile called him a "bloodsucker."
An economist and banker by profession, Yunus was awarded the Nobel Peace Prize successful 2006 for pioneering the usage of microcredit to assistance impoverished people, peculiarly women. The Nobel Peace Prize committee credited Yunus and his Grameen Bank "for their efforts to make economical and societal improvement from below."
Yunus founded Grameen Bank successful 1983 to supply tiny loans to entrepreneurs who would not usually suffice to person them. The bank’s occurrence successful lifting radical retired of poorness led to akin microfinancing efforts successful different countries.
He ran into occupation with Hasina successful 2008, erstwhile her medication launched a bid of investigations into him. He had announced helium would signifier a governmental enactment successful 2007 erstwhile the state was tally by a military-backed authorities but did not travel through.
During the investigations, Hasina accused Yunus of utilizing unit and different means to retrieve loans from mediocre agrarian women arsenic the caput of Grameen Bank. Yunus denied the allegations.
Hasina’s authorities began reviewing the bank’s activities successful 2011, and Yunus was fired arsenic managing manager for allegedly violating authorities status regulations. He was enactment connected proceedings successful 2013 connected charges of receiving wealth without authorities permission, including his Nobel Prize and royalties from a book.
He aboriginal faced much charges involving different companies helium created, including Grameen Telecom, which is portion of the country’s largest mobile telephone company, GrameenPhone, a subsidiary of Norwegian telecom elephantine Telenor. In 2023, immoderate erstwhile Grameen Telecom workers filed a lawsuit against Yunus accusing him of siphoning disconnected their occupation benefits. He denied the accusations.
Earlier this year, a peculiar judge’s tribunal successful Bangladesh indicted Yunus and 13 others connected charges implicit the $2 cardinal embezzlement case. Yunus pleaded not blameworthy and is retired connected bail for now.
Yunus' supporters accidental helium has been targeted due to the fact that of his frosty relations with Hasina.
Yunus was calved successful 1940 successful Chittagong, a seaport metropolis successful Bangladesh. He received his PhD from Vanderbilt University successful the United States and taught determination concisely earlier returning to Bangladesh.
In a 2004 interrogation with The Associated Press, Yunus said helium had a "eureka movement" to found Grameen Bank erstwhile helium met a mediocre pistillate weaving bamboo stools who was struggling wage her debts.
"I couldn’t recognize however she could beryllium truthful mediocre erstwhile she was making specified beauteous things," helium recalled successful the interview.
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