Calls for Muhammad Yunus to step down from Grameen Bank

Calls for Muhammad Yunus to step down from the helm of Grameen Bank may have more to do with politics than anything else, but they don't bode well for the outlook of Bangladesh.

The world is once again focusing on microfinance trailblazer Muhammad Yunus but this time it isn’t celebrating his Nobel peace prize. Lately, the focus has been negative, at least from within Bangladesh, while outsiders continue to rally to Yunus’s side.

On Tuesday, the nation’s central bank called for Yunus to step down as chairman of Grameen Bank, claiming that Yunus was not in compliance with the bank’s rules.

Grameen Bank responded by posting this message on its website “According to the bank’s legal advisers, the founder of Grameen Bank, Nobel Laureate Professor Muhammad Yunus, is accordingly continuing in his office.”

The government appointed...

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