Tuesday, April 5, 2011

Bangldeash : crisis of grameen bank

there is lots of politics in this article. Putting that aside, important points are


1.      The story of grameen bank
·         Started in 1983 by an ordnance  of government
·         Bangladesh government has 25% stake in it
·         Mohd yunus has been bank MD since its inception
·         Grameen bank and Yunus won nobel peace prize in 2006
THE PROBLEM NOW
·         As per bangladesh alw, retirement age is 65.
·         Hence government has dismissed yunus as MD on grounds of his age(hez 70 now)
US STAND
·         Many US bussinessmen have invested in grameen
·         Recently grameen america has also been launched
·         They have invested mainly due to their trust in mohd yunus
·         Hence US is hell bent in ensuring that Yunus stays on
·         Therefore this has become a US vs Bangladesh tussle
CURRENT SCENARIO
·         Yunus went to high court which upheld government decision to dismiss him
Now the case will be heard in supreme court

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