Wednesday, March 2, 2011

Nobel laureate Muhammad Yunus of Grameen Bank driven

Muhammad Yunus, "Banker to the Poor" Nobel prize for peace and microcredit pioneer, was excluded from the bank he founded, Grameen Bank. The decision was taken in response to pressure the central bank of Bangladesh that challenged the world where Yunus was appointed to lead the bank. Yunus, 70, says the central bank of Bangladesh, has been appointed managing director of Grameen Bank in 2000 without seeking the prior opinion of the Central Bank itself.

This decision must be linked to the fighting that for years are now underway between the authorities and Yunus of Bangladesh and in particular the Prime Minister Skeikh Hasina. In February, the finance minister, Abul Maal Abudl Muhith, 77, had claimed that the prime minister had to resign because the 2006 Nobel "too old".

Hasina, meanwhile, did not spare criticism of the 'Banker to the Poor' Grameen Bank accused of "sucking the blood of the poor." But the Finance Minister of Bangladesh, AMA Muhit, has absolutely ruled out any political side in the decision. "It is - he explained - a purely legal question", due to the fact that Yunus has well over 70 years age limit (60 years) provided in the Regulations to give up the positions in financial institutions and retire.

In early December 2010, a documentary made by Danish journalist Tom Heinemann hinted suspicions of irregularities in the management of the bank, regarding financial donations from Norway and other countries, causing mixed reactions from governments and investigations of Oslo and Dhaka. Yunus's supporters, including former Irish President Mary Robinson, who argue against him was orchestrated a political campaign, after the tensions between registratesi Yunus and Bangladesh Prime Minister Sheikh Hasina in 2007.

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