Tag Archives: Grameen Bank

BREXIT, Trump, Walls Can’t Protect Jobs: Nobel Laureate Yunus

BREXIT and Trump’s election are knee-jerk reaction from the fear that the jobs may go to someone else, said Microfinance pioneer, Nobel laureate and Grameen Bank founder Muhammad Yunus. Speaking at the the Indian Institute of of Science on Monday on theme "The zero effects of social business", he said erecting walls may not end the problem as machines may ...

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Yunus exit from Grameen Bank upheld by high court

Bangladesh Nobel laureate Mohammad Yunus has been shown the exit of Grameen Bank not on moral grounds but on archaic rules of  retirement set for banks. The High Court upheld the decision of the board of directors of Grameen Bank to retire Prof Yunus, 70 and gave the ruling in favour of the government which was adamant to oust Prof ...

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Norwegian Govt clears Grameen Bank, Muhammad Yunus from charges

Norwegian government has cleared Nobel Laureaute Muhammad Yunus from the charge of unauthorised fund-transfers in mid-90s. Minister for Environment and International Development Erik Solheim said in a posting on the foreign ministry website that the Grameen Bank had neither embezzled the funds of the Norwegian Agency for Development Cooperation (Norad) nor used the money for unintended purposes. Solheim’s remarks came ...

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