The Advisory Council of the interim government has given the go-ahead in principle to the amendment proposal of the Grameen Bank Ordinance that seeks to reduce the government's stake in the Nobel-winning microcredit institution to 10 percent from the present 25 percent.
Grameen Bank is set to get a fresh lease of life as the government plans to reduce its stake to 5 percent from the existing 25 percent.
The plan has been outlined in the draft of a new ordinance
The interim government has reinstated a tax exemption for Grameen Bank and offered it for the next five years, meaning until December 2029.
The National Board of Revenue (NBR) issued a gazette on Thursday, confirming the reinstatement of Grameen Bank
It will be on course to invest $5 billion within 2030
Grameen Bank has no ownership of Grameen Kalyan and Grameen Telecom and it does not have the legal authority to nominate directors and chairman at the two non-profits, said the Yunus Centre yesterday.
Grameen Bank yesterday said it followed rules while nominating chairman for three not-for-profit companies, replacing Nobel Laureate Prof Muhammad Yunus, who founded the organisations.
The case of Prof Yunus is symptomatic of the erosion in the credibility of our institutions.
Perhaps the most important contribution of the book lies in providing intimate insights into how NGOs work in Bangladesh.
The Yunus Centre has released a statement refuting allegations brought against Nobel laureate Dr Muhammad Yunus recently.
The government has amended the electoral rules of Grameen Bank for the third time in four years after its previous
Women Deliver, a New York-based global organisation, awards Grameen Bank Founder Dr Muhammad Yunus for his innovation in women empowerment.
Nobel laureate Prof Muhammad Yunus yesterday called for a global unity to launch a fight against wealth concentration in the hands of a few as it is a threat to peace.
Prime Minister Sheikh Hasina alleges that she had been threatened that funding to Padma Bridge project would be stopped if a particular person was not there as the managing director of a particular bank.
Grameen Bank has virtually come under full state oversight for the first time in its 33-year history, after the current board's tenure expired on Sunday and the government failed to hold elections to select its successor.
