Grameen Bank dodges Yunus departure by appointing Nobel Laureate as chairman


Muhammad Yunus, a Nobel Laureate and microfinance pioneer, has been appointed chairman of the board of Grameen Bank, only hours after a Bangladesh court rejected an appeal for his dismissal as managing director of the bank.

On Thursday, the Grameen Bank told that Yunus was no longer serving as managing director of the bank but that all nine members on its board had now demanded the government allow Yunus to be appointed as chairman. Neither Bangladesh's government nor the

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