Bangladesh Transforms Despite Vicious Politics

Bangladesh Transforms Despite Vicious PoliticsBangladesh’s social, economic and political development is one of the great success stories of the past 25 years. But today it is Bangladesh’s politically dysfunctional ‘battling begums’ — Sheikh Hasina of the ruling Awami League (AL) and Khaleda Zia of opposition Bangladesh Nationalist Party (BNP) — that hold the country back. Bangladesh has emerged from military…

Sheikh Hasina’s Assault on Grameen Bank

Muhammad Yunus, who founded the pioneering microlender Grameen Bank, is finding himself under increasing attack from Bangladesh Prime Minister Sheikh Hasina, who has ordered a four-member commission to investigate 54 businesses founded by the Nobel Laureate. There is rising concern that the government will seek to privatize both Grameen Bank and the scores of affiliated…

Muhammad Yunus’s New Idea for the Poor

In 2006, the Nobel Laureate Muhammad Yunus, the founder of Grameen Bank in Bangladesh, had what he described as a “casual lunch” with Franck Riboud, the chairman and chief executive officer on the Groupe Danone dairy giant in Paris. From that lunch has grown an idea perhaps even more radical than microlending, which Yunus developed…

Grameen After Yunus

With Muhammad Yunus apparently about to be driven from an operational role at the institution that he founded and which provides micro-financing to as much as 20 percent of Bangladesh’s population, what path will Grameen Bank take without him? Bangladesh Prime Minister Sheikh Hasina Wajed for months has been waging a campaign to drive the…

Bangladesh Bucks the Trend

Seamless growth: Bangladesh escapes crisis by focusing on low-cost exports, high quality garments and textiles A year ago as the world financial system teetered on the edge of collapse after many Wall Street giants failed, there was widespread concern about the impact of its tsunami effect on the world's developing countries so dependent on the…