Muhammad Yunus has been chosen to lead Bangladesh's transitional government following mass student protests that ousted longtime Prime Minister Sheikh Hasina. Yunus, known for pioneering microcredit through Grameen Bank, had a contentious relationship with Hasina's government. Student protesters nominated Yunus as interim leader after weeks of demonstrations against job quotas turned deadly.
#MuhammadYunus #Bangladesh #BangladeshVoilence #SheikhHasina #KhaledaZia #Bangladeshnews #Worldnews #Oneindia #Oneindianews
~HT.97~PR.320~ED.102~
#MuhammadYunus #Bangladesh #BangladeshVoilence #SheikhHasina #KhaledaZia #Bangladeshnews #Worldnews #Oneindia #Oneindianews
~HT.97~PR.320~ED.102~
Category
🗞
NewsTranscript
00:30Bangladesh is entering a new phase of leadership after mass protests led to the resignation
00:35of the long-serving Prime Minister Sheikh Hasina.
00:39Now, the Nobel Prize winner, Muhammad Yunus, has been chosen to guide the country through
00:44this transition period.
00:46Yunus, who was born in 1940 in Chattogram, is now known for his groundbreaking work in
00:52microcredit which earned him the Nobel Peace Prize in 2006.
00:58He founded the Grameen Bank in 1983 offering small loans to poor people, especially women
01:03who couldn't get loans from traditional banks.
01:06This innovative approach helped millions of people to start small business and improve
01:11their lives.
01:12Yunus' method was successful because it relied on trust and community relationship.
01:18By 2006, over 7 million people had received microloans, with more than 95% of the loans
01:24going to women or women groups.
01:27Yunus found that women are more likely to use the money to benefit their families and
01:31communities.
01:32However, Yunus' relationship with former Prime Minister Sheikh Hasina was troubled.
01:38When Yunus showed his interest in politics, in 2007, Hasina's government began investigating
01:43him.
01:44In 2011, Hasina's government removed him from the Grameen Bank, claiming that he has
01:49passed his retirement age.
01:51Yunus faced numerous lawsuits under Hasina's rule, which he claims were false accusations.
01:58Recent protests in Bangladesh were initially about the job quotas but grew into wider demonstrations
02:03against Hasina's government.
02:05More than 250 people have died in clashes with the police.
02:09The protesters wanted a change and saw Yunus as a strong opponent to Hasina's rule.
02:15After Hasina fled the country, the student protesters nominated Yunus to lead the interim
02:19government.
02:20They met with the country's president and security chief, and after six hours of discussions,
02:25an agreement was reached to make Yunus the transitional leader.
02:29Yunus also expressed his relief at Hasina's departure, telling the Washington Post that
02:33we are all rejoicing.
02:35The monster who was on top of us has left.
02:38Today we are free.
02:51Police.
02:59Don't miss out.
03:00Follow One India for real-time updates.