Nobel laureate Muhammad Yunus— the brand new head of Bangladesh’s interim authorities

Nobel laureate Muhammad Yunus has been appointed as the pinnacle of Bangladesh’s interim authorities by President Mohammed Shahabuddin, in accordance with the president’s press secretary.

The announcement adopted a gathering between President Shahabuddin and the coordinators of the Anti-Discrimination Pupil Motion, with the heads of the three armed forces additionally in attendance.

The remaining members of the interim authorities shall be finalised after consultations with varied political events, the press secretary acknowledged.

Yunus, who’s at present overseas, welcomed the ouster of Sheikh Hasina’s regime, describing the event because the “second liberation” of the nation. He’ll start his function on August 7, 2024, following the resignation of former Prime Minister Sheikh Hasina.

Who’s Muhammad Yunus?

Muhammad Yunus, born on June 28, 1940, within the village of Bathua in Hathazari, Chittagong District, is a famend Bangladeshi social entrepreneur, banker, economist, and civil society chief.

Muhammad Yunus is the pioneer of the worldwide microcredit motion and is commonly generally known as the ‘banker to the poor.’ Yunus and the Grameen Financial institution he based gained the 2006 Nobel Peace Prize for serving to carry thousands and thousands from poverty by offering tiny loans of sums lower than $100 to the agricultural poor who’re too impoverished to realize consideration from conventional banks.

He moved to town of Chittagong in 1944 and excelled academically, finally incomes a BA and MA in Economics from Dhaka College. Yunus served as a professor of economics at Chittagong College earlier than founding the Grameen Financial institution.

His work in microfinance has been acknowledged globally, incomes him quite a few awards, together with the US Presidential Medal of Freedom and the Congressional Gold Medal. He has additionally been concerned in varied worldwide initiatives, together with serving on the board of the United Nations Basis and co-founding Yunus Social Enterprise – World Initiatives.

Regardless of his world acclaim, Yunus confronted authorized challenges in Bangladesh, which many consider have been politically motivated. These included accusations of labor regulation violations, corruption, and cash laundering, introduced forth after Sheikh Hasina’s Awami League retained energy in 2014.

Yunus has acquired 50 honorary doctorate levels from universities throughout 20 nations and 113 worldwide awards from 26 nations. He has been named one in every of Fortune Journal’s 12 best entrepreneurs of the present period and listed among the many world’s most influential figures by Overseas Coverage and New Statesman.