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Nobel winner Muhammad Yunus says ready to head interim Govt in Bangladesh

by Blitzindiamedia
August 7, 2024
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NEW DELHI: Bangladesh Nobel winner Muhammad Yunus said that he was ready to head a caretaker government, a day after the military took control as mass protests forced longtime ruler Sheikh Hasina to flee.
Microfinance pioneer Yunus, 84, is credited with lifting millions out of poverty — earning the enmity of ousted Hasina and the wide respect of millions of Bangladeshis.

“If action is needed in Bangladesh, for my country and for the courage of my people, then I will take it,” he told AFP in a statement, also calling for “free elections”, after student leaders called for him to lead an interim government. Hasina, 76, had been in power since 2009 but was accused of rigging elections in January and then watched millions of people take to the streets over the past month demanding she quit.

Hundreds of people were killed as security forces sought to quell the unrest but the protests grew and Hasina finally fled aboard a helicopter after the military turned against her. Army chief General Waker-Uz-Zaman had announced that the military would form an interim government, saying it was “time to stop the violence”.
“In Dr. Yunus, we trust,” Asif Mahmud, a key leader of the Students Against Discrimination (SAD) group, wrote on Facebook.

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The Fourth G20 Global Partnership for Financial Inclusion (GPFI) Meeting which was held in Mumbai from September 14-16, 2023 concluded on Saturday in Mumbai. The three day meeting saw G20 GPFI delegates engaging over thought provoking discussions on energizing growth for MSMEs, empowering consumers through digital financial literacy and consumer protection as well as key priority areas of GPFI, namely, digital financial inclusion and SME Finance. On day one of the Meeting, a Symposium was organised involving international experts engaging around two key themes “Energizing MSMEs for Higher Economic Growth through Digital Public Infrastructure” and “Credit Guarantees and SME ecosystems”. The Symposium was addressed by Ajay Seth, Secretary (Economic Affairs), Ministry of Finance; T Rabi Sankar, Deputy Governor (RBI); Mohamed Gouled, Vice President (International Finance Corporation) and Dr Arjun Kumar Karki, Global Coordinator-LDC Watch and Former Ambassador of Nepal to USA. Secretary (Economic Affairs) highlighted that through the New Delhi Leaders Declaration, the G20 Leaders renewed their commitment to accelerate “strong, sustainable, balanced and inclusive growth” and “the full and effective implementation of the 2030 Agenda for Sustainable Development” and underscored that MSMEs will be central in fulfilling both the commitments. Through two panel discussions, eminent global panellists deliberated upon approaches to bridge the challenges faced by MSMEs through innovative measures like DPI for bridging the credit gap, promoting transparency, enhance affordability and drive innovations and productivity gains. On day two and three, the GPFI Plenary Meeting saw discussions on GPFI work regarding implementation of G20 GPFI High Level Principles for Digital Financial Inclusion, Update of National Remittance Plans and SME best practices and innovative instruments to overcome common constraints in SME financing. The discussions contributed towards the culmination of the remaining work of the on-going three year FIAP 2020 which is in its terminal year and is being implemented by the GPFI. The day three discussions were also complemented with a Symposium on “Advancing Financial Inclusion through Digital Public Infrastructure: Empowering Consumers through Digital and Financial Literacy and Consumer Protection”. The Symposium was addressed by Harsh Vardhan Shringla, Chief Coordinator (G20, India), Dr V Anantha Nageswaran (Chief Economic Advisor, Ministry of Finance, Government of India), Shri KV Shaji Kumar (Chairman, NABARD) and saw engaging discussions on building digital ecosystems which enable digitally and financially empowered individuals and enterprises. GPFI members agreed to continue working towards the vision of universal financial inclusion under the new G20 Financial Inclusion Action Plan.

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