The Bangladesh military chief Waker-Uz-Zaman is scheduled to fulfill with the protest leaders at 12 pm native time (0600 GMT) on Tuesday.
Who’s Muhammad Yunus?
Muhammad Yunus, born on June 28, 1940, in Chittagong, Bangladesh, is a distinguished social entrepreneur, banker, economist, and civil society chief. He rose to worldwide prominence in 2006 when he and the Grameen Financial institution acquired the Nobel Peace Prize for his or her pioneering work in microcredit and microfinance. These initiatives present small loans to underserved entrepreneurs, empowering them to attain financial and social growth regardless of restricted entry to conventional banking companies.
Along with the Nobel Prize, Yunus has been honored with quite a few prestigious awards, together with the USA Presidential Medal of Freedom in 2009 and the Congressional Gold Medal in 2010. He co-founded Yunus Social Enterprise – World Initiatives (YSB) in 2011, which focuses on selling social companies worldwide. YSB helps these enterprises via incubator funds and advisory companies, working with varied organizations corresponding to firms, governments, foundations, and NGOs.
Yunus served because the Chancellor of Glasgow Caledonian College in Scotland from 2012 to 2018 and was beforehand a professor of economics at Chittagong College. He has additionally performed a big function in Grameen America and the Grameen Basis, which proceed his efforts in microcredit. From 1998 to 2021, he was a board member of the United Nations Basis, contributing to a spread of UN initiatives.
Professor Yunus has an in depth academic background, having studied at Dhaka College in Bangladesh earlier than receiving a Fulbright scholarship to check economics at Vanderbilt College, the place he earned his Ph.D. in 1969. He started his tutorial profession as an assistant professor of economics at Center Tennessee State College and later returned to Bangladesh to move the economics division at Chittagong College.
All through his profession, Yunus has held varied influential positions, together with serving on the Worldwide Advisory Group for the Fourth World Convention on Ladies (1993-1995), the World Fee on Ladies’s Well being, and the UN Knowledgeable Group on Ladies and Finance. His contributions have been acknowledged globally, with accolades such because the Mohamed Shabdeen Award for Science, the World Meals Prize, the King Hussein Humanitarian Management Award, the Volvo Setting Prize, the Nikkei Asia Prize for Regional Progress, the Franklin D. Roosevelt Freedom Award, and the Seoul Peace Prize.
In response to the famine in Bangladesh in 1974, Yunus sought to make a tangible distinction for the impoverished. He initiated long-term loans to assist people begin their very own small companies, which led to the institution of the Grameen Financial institution and the broader motion of microfinance. This modern method has helped numerous folks escape poverty and enhance their high quality of life.
Yunus was sentenced to 6 months in jail by a court docket for violating the labour legal guidelines on this 12 months’s January however later in March he was granted bail.
He was additionally jailed in a USD 2.3 million embezzlement case. The embezzlement case entails a staff welfare fund of Grameen Telecom, which owns 34.2 per cent of the nation’s largest cell phone firm, Grameenphone, a subsidiary of Norway’s telecom large Telenor.
The costs contain the embezzlement of over 250 million takas and cash laundering. The accused gave the cash to commerce union leaders as a substitute of the employees. This manner they disadvantaged the odd staff of their rightful earnings.
