Muhammad Yunus has been chosen to lead Bangladesh's interim government.
DHAKA - A Nobel-winning microfinance pioneer, Muhammad Yunus has been credited with lifting millions out of poverty in his native Bangladesh. He is now tasked with steering the South Asian country out of chaos after mass protests and spiralling unrest forced longtime prime minister Sheikh Hasina to flee.
Yunus, 84, was the preferred candidate of student leaders whose protest movement escalated into a broader uprising against Hasina after she ordered a violent crackdown that led to more than 400 deaths. “Human beings are not born to suffer the misery of hunger and poverty,” he said during his Nobel lecture, daring his audience to imagine a world where deprivation was confined to history museums.
The bank’s success in lifting people out of poverty has inspired similar microfinancing efforts in developing countries and in wealthier ones too. Its success has helped promote Yunus’s model of “social business”, which aims to strike a balance between social objectives and financial goalsYunus has won numerous high honours for his life's work, including a US Presidential Medal of Freedom awarded in 2009 by then-president Barack Obama.
In January 2024, Yunus and three colleagues from one of the companies he founded were sentenced to jail terms of six months by a Dhaka labour court, which found they had illegally failed to create a workers' welfare fund. All four denied the charges and the case was criticised as politically motivated by watchdogs including Amnesty International.
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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