Monday, August 13, 2012

The Grameen Bank, and Professor Muhammad Yunus, are facing a calamitous crisis


Both have been under attack from the Bangladeshi Government for the past 20 months.

Now the Bangladeshi Government has drafted changes to the ‘Grameen Bank Ordinance (Amendment) 2012' Law (the law that created Grameen Bank in 1983), giving the government the power to appoint the GB Chairman, remove both the current women borrower-owner board members as well as Yunus as Managing Director, thus giving the government total control of Grameen Bank.

Professor Yunus responded: “I request my fellow citizens who are as shocked as I am, to try to persuade our government to realise that this is a very wrong step they are taking; they should refrain from proceeding with this …The decision of the government would destroy this well known bank for the poor, the bank that has made the country proud.”

This innovative compassionate man, Yunus rightly won the 2006 Nobel Prize for pioneering the microfinance system. It offered the poorest around the world - especially women – hope in the form of a tiny loan, to generate an income. He is seen as one of the world's leading anti-poverty activists. We cannot let him be discredited.

As final recommendations and law changes will be released in late August 2012, your action – by this Friday, August 17 - is imperative.

Step 1: Sign this petition that will get sent to the Prime Minister of Bangladesh  

Step 2: Share the petition with your friends via email and social media


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