Wednesday, March 9, 2011

Recent news about Mohammed Yunus

Bangladesh's Yunus loses appeal against sacking

Mohammed Yunus, who founded the Grameen Bank in Bangladesh, and then wrote 2 books about the Grameen bank and about microfinancing, has lost his appeal over the banks action of sacking him from the board of directors of the very bank he founded. This action was taken because he was considered to now be too old. The mandatory retirement age for bank officers in Bangladesh is 60. Yunus is currently 70 years old. Yunus also won the Nobel Prize for Peace in 2006.

I write a review of Yunus's book called - Banker to the Poor - which was posted in January 2008.

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