Grameen

Aug 3, 2012 at 03:28 o\clock

GB ordinance endorsed

by: bangladesh   Keywords: Grameen, Ordinance, Yunus

Chancellor Yunus DHAKA: Nobel Laureate Dr Muhammad Yunus expressed his deep concern as the government had endorsed the draft Grameen Bank Ordinance-2012 (Amendment) with the provision of giving more authority to chairman in appointing managing director (MD).

The founder the Grameen Bank (GB) made the reaction in a written statement hours after the cabinet meeting held at the Secretariat with Prime Minister Sheikh Hasina in the chair on Thursday.

In the statement, he said, “I have earlier expressed this apprehension what has come true now. I am very sorry that we could not be successful in stopping the process.”

“I have become very worried to see process of depriving the poor from their ownership in the bank. I am very worried that I am unable to express my emotions,” he further said in the statement.

The eminent economist of the country also urged the people, who feel same, to make the government understand that they are doing mistake. “So, they should restrain from the initiative,” he said.

Dr Yunus claimed that the decision of the government would destroy the bank of the poor. “I request the people of the country to come forward to protect the property of the poor and the country,” he said.

He also called upon the poor owners of the bank so that they urge the government and countrymen not to deprive them from applying their rights.

Earlier in the day, the government has approved the draft Grameen Bank Ordinance-2012 (Amendment) with the provision of giving more authority to chairman in appointing managing director (MD).

The approval came from a cabinet meeting held at the Secretariat with Prime Minister Sheikh Hasina in the chair on Thursday.

Under the draft ordinance, the authority of the chairman has been increased and he will appoint managing director after consultation with selection board.

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