A Nobel laureate known as the “banker to the poor” will aim to bring stability to Bangladesh after he answered a call by student protesters for him to temporarily lead the restive country following weeks of deadly anti-government demonstrations.
Muhammad Yunus, 84, will head an interim government following the toppling of the South Asian country’s prime minister and dissolution of parliament, according to the Bangladesh president’s press secretary. Yunus is a social entrepreneur and banker who won the 2006 Nobel Peace Prize for his pioneering microfinance work that helped alleviate poverty in Bangladesh and was widely adopted around the world.
Yunus briefly proposed forming a new political party in 2007 ahead of parliamentary elections – which Hasina decried at the time, saying political newcomers were “dangerous elements … to be viewed with suspicion,” Reuters reported. Yunus ultimately did not move forward with forming the party. In 2011, Bangladesh’s government-controlled central bank removed Yunus as managing director of Grameen Bank, saying he had exceeded the mandatory retirement age.
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