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The Elders express concern for future of Grameen Bank

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jonathan
Wednesday, 6 June, 2012

In this statement, The Elders express their full support of former Elder Muhammad Yunus after the announcement of a Commission of Inquiry to review the ownership of Grameen Bank, the microfinance organisation founded by Professor Yunus in 1983.

The Elders express concern at the announcement of a Commission of Inquiry to review the ownership of Grameen Bank, and worry about the bank’s continued ability to support Bangladesh’s poor.

The Elders give their full support to Professor Muhammad Yunus, founder of Grameen Bank, who was removed last year as head of the bank, and share his concern at the conduct of the inquiry. As a Nobel Peace Laureate and former member of The Elders, Professor Yunus is a globally recognised pioneer in the field of microfinance, poverty alleviation and grassroots empowerment.

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