Grameen bank under threat?
Campaigning site Avaaz.org is reporting that the autonomy of Grameen Bank, the pioneering microloans bank set up by Dr Muhammad Yunus, is in danger of losing its autonomy in a move by Bangleshi PM Sheikh Hasina, which Avaaz reports as being politically motivated.The Avaaz site says:" One powerful woman is threatening the future of millions of others. But if we all weigh in right now we can rescue the people-powered bank that's an inspiration to the world.The Grameen Bank has enabled millions of women to lift themselves out of poverty by giving them tiny loans to buy animals or equipment to start earning money. But Bangladesh's jealous Prime Minister, Sheikh Hasina, has fired its Nobel Prize winning founder Muhammad Yunus and now wants to seize control of the bank, all to silence a political rival. This takeover could break the bank and destroy millions of people's hope. "Avaaz go on to call for a petition to shame the PM into dropping her plans to change the way a new leader is selected for the bank. You can read more, and sign the petition here: http://www.avaaz.org/en/save_the_world_best_bank/?copy