First government statement on bringing the Nobel Prize winning microcredit organisation under Bangladesh Bank’s authority, the revelation came after a meeting of the Cabinet Committee on Purchase Sunday afternoon.
The move is being taken following recommendations by Grameen Bank Commission in its interim report.
Talking to journalists after Sunday’s meeting at the Secretariat, the finance minister said the Grameen Bank Commission would submit its final report on Grameen Bank and its 48 associated organisations on September 30.
“We already know about the contents of the report and are preparing to bring the changes suggested in it,” he said.
In May last year, the government established the three-member commission to review the bank’s governing structure and its relations to the independent associated companies founded by Nobel laureate Prof Muhammad Yunus.
Muhith however said no major changes would be brought to the GB law.
Saying that the process of appointing a managing director for the microlender has been stalled due to a writ petition filed with the High Court by a director of the bank, Muhith informed journalists that they now had taken initiatives to dispose of the writ.
Talking to The Daily Star on August 15, Ajmalul Hossain QC, a member of the commission, said the terms of references of the commission instructed them to recommend an authority to regulate and supervise Grameen Bank.
“We will give a specific recommendation on who should regulate the bank,” said Hossain said then.
The interim report, submitted to the government in February, largely focused on the bank and would provide options for the government to restructure the bank, he informed.
“We didn’t write a lot about the associated organisations in the interim report. Our final report will focus on the associated organisations.”