March 03, 2011

Chairman Kerry Concerned About Efforts To Remove Muhammad Yunus From Bank Post

Washington, D.C. –Senate Foreign Relations Committee Chairman John Kerry (D-MA) released the following statement on the possible removal of Nobel-winning microfinance pioneer Muhammad Yunus as Managing Director of the Grameen Bank, which he founded: 

“I am deeply concerned by efforts to remove Muhammad Yunus as managing director of the Grameen Bank.  The international community will watch this situation closely, and I hope that both sides can reach a compromise that maintains Grameen Bank’s autonomy and effectiveness.  Institutions like the Grameen Bank make a significant contribution to Bangladesh’s development and democracy and Professor Yunus’s life-long work to reduce poverty and empower women through microloans has deservedly received world-wide attention and respect.”

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