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Latest Grameen Bank Items
Will 2013 be a watershed in U.S.-Bangladeshi relations? My country of 150 million people, located between India and Myanmar, has been independent since 1971, when the United States was one of the first nations to recognize our right to self-determination.
Long heralded as an enlightened way to lift the downtrodden out of poverty, "microfinance" has come under a cloud.
Bangladesh's High Court has delayed its ruling on the legality of a government order dismissing Nobel laureate Muhammad Yunus as head of the microfinance bank he founded, an official said Sunday.
Bangladesh's government ordered Nobel laureate Muhammad Yunus from his post as head of his microfinance bank Wednesday — a humiliating blow for an activist whose revolutionary idea of giving out small loans lifted many out of poverty. But the Grameen Bank said he remained in charge and that it would fight the decision.