BANGLADESH NEWS
Finance Minister AMA Muhith on Monday said the government would very soon appoint a managing director to the Grameen Bank.
He said the government is amending the GB ordinance 1983, which governs the Nobel Peace Prize winning microfinance organisation, "just to appoint the managing director of the bank."
The minister came up with comments after a meeting with Mamunur Rashid, chairman of the GB commission, at the secretariat in the capital.
On May 16 this year, the government formed the four-member commission to review the activities of microlender and its associated organisations, and make recommendations on how to run the organisations.
The commission, which will also review the regulatory institutions and mechanism of the lender and recommend ways to bring it under the purview of state regulatory agencies, has been asked to turn in a report within three months.
The post of the bank's managing director fell vacant after Prof Yunus resigned in May last year following his removal from the bank he founded three decades ago to take financial services to the poor.
The likely changes in the ordinance, already approved by the cabinet, will only deepen suspicions among the bank's supporters at home and abroad that the government wants to take control of the bank and its associated organisations.
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