Muhith rules out increase in govt stakes in GBNew Age Online
Finance minister Abul Maal Abdul Muhith Wednesday ruled out any possibility of broadening the government’s stakes in the Grameen Bank, saying, the shares will remain at 25 per cent.
‘We have no intention to increase the government share,’ he told reporters after emerging from a meeting on ‘Global Partnership for Effective Development and Cooperation’ that was held at the economic relations division.
His comments followed a Wall Street Journal report that said Bangladesh’s government was set to announce a plan to increase its stake in the GB to 51 per cent, from the existing 25 per cent.
He also made the statements ahead of releasing a report by a government appointed commission. The commission is expected to submit its recommendations to carry out controversial reforms in the Nobel Peace prize winning micro credit institution.
Muhith also dismissed Grameen Bank’s founding managing director Yunus’s claim that the government was grabbing the bank. He said such statement is ‘baseless’ and is cooked up by Yunus himself.
Muhith said a guideline for appointing directors to the Grameen Bank is in final stage.
The guideline will be released soon, he said.
In the last February, the commission in its interim report had advised the government to bring about some changes in the appointment of the directors to the board.
The government appoints three directors to the 13-member GB board. One of the government appointed directors holds the post of its chairman.
Nine other directors, all of whom are women, are elected from among the bank’s borrowers. The women directors in June had threatened a movement to resist the government’s plan to alter the bank’s management.
comments powered by Disqus
The draft of the first-ever Education Act-2013 has been posted on the Education Ministry’s website Wednesday, inviting opinions and recommendations from the members of public... Full story
The customs authority of Hazrat Shahjalal International Airport let an inbound passenger go after seizing gold bars from him Wednesday afternoon. Another female crew of an airline... Full story
A Dhaka court on Wednesday granted ‘blogger Asif Mohiuddin’ one month bail in a case relating to ‘hurting religious sentiments’. Full story
Mahasen, a devastating cyclone that had hit the coast on May 15 this year, will maintain its ruinous trail through the celebration of Eid only to lessen the festivity of the inhabitants along... Full story
Rapid Action Battalion members have arrested four in a row the killers of BNP leader Rafiqul Islam, Tuesday night. Full story
A bomb killed 11 people in a poor district of Pakistan's financial hub of Karachi on Wednesday, mostly teenagers playing street football at a crowded market, officials said. Full story