DHAKA, Bangladesh (AP) — Nobel Peace Prize laureate Muhammad Yunus has been chosen to head Bangladesh’s interim government after the nation's longtime prime minister resigned and fled abroad in the face of a broad uprising against her rule.
Muhammad Yunus, an economist from Bangladesh who founded the Grameen Bank and won a Nobel Peace Prize, is seen at the end of a press conference in Paris Monday Feb. 18, 2008. Known as the “banker to the poorest of the poor” and a longtime critic of the ousted Sheikh Hasina, Yunus will act as a caretaker premier until new elections are held. The decision followed a meeting late Tuesday that included student protest leaders, military chiefs, civil society members and business leaders.
He could not immediately be reached for comment, but key student leader Nahid Islam asserted that Yunus agreed to step in during a discussion with them. The 83-year-old is a well-known critic and political opponent of Hasina. Yunus founded Grameen Bank in 1983 to provide small loans to entrepreneurs who would not normally qualify to receive them. The bank’s success in lifting people out of poverty led to similar microfinancing efforts in other countries.
Hasina’s government began reviewing the bank’s activities in 2011, and Yunus was fired as managing director for allegedly violating government retirement regulations. He was put on trial in 2013 on charges of receiving money without government permission, including his Nobel Prize and royalties from a book., including Grameen Telecom, which is part of the country’s largest mobile phone company, GrameenPhone, a subsidiary of Norwegian telecom giant Telenor.
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