Clinton backs Muhammad Yunus

Dhaka: Describing Muhammad Yunus as a "tremendous model" for the developing world, US Secretary of State Hillary Clinton today asked Bangladesh not to "undermine and interfere" in the effectiveness of the micro-lender Grameen Bank pioneered by the Nobel laureate. "We do not want to see any action taken that would in anyway undermine or interfere […]

Dhaka: Describing Muhammad Yunus as a "tremendous model" for the developing world, US Secretary of State Hillary Clinton today asked Bangladesh not to "undermine and interfere" in the effectiveness of the micro-lender Grameen Bank pioneered by the Nobel laureate.

"We do not want to see any action taken that would in anyway undermine or interfere in the operations of the Grameen Bank or its unique organisational structure where the poor women themselves are the owners," Clinton said on Yunus, who was fired by Bangladesh`s central bank in March last year.