Bangladeshi Finance Minister on Monday accused Nobel laureate Muhammad Yunus of managing a “harmful campaign” from the country, refuting suggestions the government was orchestrating a takeover from the Grameen Bank founded through the microfinance pioneer.
“Mister Yunus is not saying the right thing. He is saying that the government wants to wrest full control of Grameen Bank,” A M A Muhith, Bangladeshi Foreign Minster, stated in a seminar at CIRDAP auditorium in Dhaka.
“I have been saying from the first day that the government does not want to take over Grameen Bank and it has not done that as of now,” he stated.
“Mr Yunus is carrying out an unnecessary campaign. It’s harmful for the country,” Muhith was cited through the BD News as saying.
The Finance Minister also thought the micro lender what food was in its peak now because the Nobel laureate left it.
“They are managing a propaganda campaign that Grameen Bank closed lower after Dr. Yunus left it. But this is actually the greatest time Grameen Bank (is taking pleasure in) in the last ten years,” he stated.
On 2 June, your cabinet endorsed a draft from the ‘Grameen Bank Ordinance (Amendment) 2012 altering the guidelines for recruiting Controlling Director from the Nobel prize-winning institution founded in 1983 via a martial law ordinance.
Additionally, it made the decision to research whether Yunus had loved tax exemption in the stint as Controlling Director and just how much cash he earned in salaries and considerations after he switched 60.
Cabinet Secretary Mohammad Musharraf Hossain Bhuiyan later tried to set to relaxation the worries within the amendment towards the ordinance and stated Grameen Bank’s Board, not the Chairman, will appoint the Controlling Director.
Dr. Yunus was instructed to leave the Grameen Bank office this year following the central bank stated he'd violated retirement laws and regulations by neglecting to relinquish control at 60 after he lost a number of lawsuits.
Dr. Yunus states the most recent choices are members of a government make an effort to dominate the financial institution. On Saturday, 201 people criticized the government’s move.
In the seminar, the Finance Minister also stated he performed a huge role within the spread of micro-credit.
“Yunus is an icon for micro-credit. But there is also another person involved with micro-credit sitting here. That is me. Yunus may be responsible for 4, 10 or 12 percent of the spread of micro-credit. I took it up to 30 per cent,” he stated.