BANGLADESH NEWS
UK Foreign Office Minister for South Asia Alistair Burt has stressed protecting the integrity and efficiency of Grameen Bank.
Burt, prior to concluding his three-day visit to Bangladesh, met former Grameen Bank Magaing Director Muhammad Yunus at the UK High Commissioner's residence on Wednesday.
He admired Yunus for what he did and felt that his legacy should be protected and upheld, the British High Commission said in a media statement on Thursday.
The Nobel laureate expressed his deep concern about the future of the Grameen Bank following the formation of the review commission.
The commission's recommendations could alter the ownership and nature of the bank and deprive the poor a voice in how the bank was run, he feared in a statement on Wednesday.
He questioned the necessity of forming a probe commission to look into Grameen Bank's activities since its birth and said he was afraid that the bank's future would be at stake if the government exerted more influence on the bank.
"Has Grameen Bank done any major misdeed that needed (the government) to initiate this probe?" he asked. "I am saddened at hearing the news."
The government on May 16 formed the commission to review the ownership of Grameen Bank and 54 related social businesses that Yunus still heads, 14 months after Yunus was removed as its Managing Director.
Yunus added in that statement: "I am now enormously worried about the possibility of Grameen Bank being put under government control. I fear even to anticipate the course that Grameen Bank will take if it is made a government institution."
Burt, prior to concluding his three-day visit to Bangladesh, met former Grameen Bank Magaing Director Muhammad Yunus at the UK High Commissioner's residence on Wednesday.
He admired Yunus for what he did and felt that his legacy should be protected and upheld, the British High Commission said in a media statement on Thursday.
The Nobel laureate expressed his deep concern about the future of the Grameen Bank following the formation of the review commission.
The commission's recommendations could alter the ownership and nature of the bank and deprive the poor a voice in how the bank was run, he feared in a statement on Wednesday.
He questioned the necessity of forming a probe commission to look into Grameen Bank's activities since its birth and said he was afraid that the bank's future would be at stake if the government exerted more influence on the bank.
"Has Grameen Bank done any major misdeed that needed (the government) to initiate this probe?" he asked. "I am saddened at hearing the news."
The government on May 16 formed the commission to review the ownership of Grameen Bank and 54 related social businesses that Yunus still heads, 14 months after Yunus was removed as its Managing Director.
Yunus added in that statement: "I am now enormously worried about the possibility of Grameen Bank being put under government control. I fear even to anticipate the course that Grameen Bank will take if it is made a government institution."
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