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Type keywords like Social Business, Grameen Bank etc.

Chairman Kerry Concerned About Efforts To Remove Muhammad Yunus From Bank Post

Chairman Kerry Concerned About Efforts To Remove Muhammad Yunus From Bank Post

Washington, D.C. -Senate Foreign Relations Committee Chairman John Kerry (D-MA) released the following statement on the possible removal of Nobel-winning microfinance pioneer Muhammad Yunus as Managing Director of the Grameen Bank, which he founded:

"I am deeply concerned by efforts to remove Muhammad Yunus as managing director of the Grameen Bank. The international community will watch this situation closely, and I hope that both sides can reach a compromise that maintains Grameen Bank's autonomy and effectiveness. Institutions like the Grameen Bank make a significant contribution to Bangladesh's development and democracy and Professor Yunus's life-long work to reduce poverty and empower women through microloans has deservedly received world-wide attention and respect."