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The Ouster of Muhammad Yunus: Can Politics Destroy Grameen Bank?
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The Ouster of Muhammad Yunus: Can Politics Destroy Grameen Bank?

Knowledge at Wharton·@HashtagPLUS·about 1 month ago
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“Dismissed.” A single word on April 4 from Bangladesh’s highest court ended a bitter legal battle that has grabbed world attention. The loser in this case: Muhammad Yunus, Nobel Peace Prize laureate and founder of Grameen Bank, the groundbreaking Bangladeshi microfinance institution (MFI) he is no longer allowed to run. Upholding a previous ruling that Yunus, 70, illegally remained managing director of the MFI past the age limit of 60, the court sided with the government of Sheikh Hasina Wazed and the central bank. But as with many of the highs and lows of microfinance — the industry that provides small loans and other financial services to the world’s poor — there is much more than meets the eye to this boardroom shakeout.…

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