New Model for Devel­op­ment

Southasia - - Editor’s Mail -

Your pro­file of Dr. Mo­ham­mad Yunus was very in­for­ma­tive. Through his ground-break­ing work with the Grameen Bank, Dr. Yunus has rev­o­lu­tion­ized devel­op­ment work and to­day is one of the lead­ing voices for al­le­vi­at­ing poverty and pro­mot­ing fe­male em­pow­er­ment. It is a mat­ter of pride for all South Asian na­tions to ac­knowl­edge that the model of mi­cro­fi­nance in­tro­duced by one of its own ci­ti­zens is now em­u­lated through­out the world. Not only Bangladesh, but also parts of Africa, the Mid­dle East, South Asia and the de­vel­op­ing world have ben­e­fit­ted greatly from Yunus’ work. With a strong fo­cus on women em­pow­er­ment, his pro­grams aim to bring self-suf­fi­ciency, sus­tain­abil­ity and in­de­pen­dence to mil­lions of women around the world. Work­ing around a re­li­able and con­sis­tent eco­nomic model, the Bank has in­tro­duced poli­cies that are 100 per­cent de­pend­able.

Given the phe­nom­e­nal re­sults shown by both the Bank and Dr. Yunus, it is un­for­tu­nate that he has be­come the tar­get of po­lit­i­cal par­ties with vested in­ter­ests in Bangladesh. It is a shame that the ad­min­is­tra­tion of the Grameen Bank has been ac­cused of cor­rup­tion and Dr. Yunus has per­son­ally been Sheikh Hasina’s ver­bal tar­get, sim­ply be­cause he is viewed as

a po­ten­tial ri­val. This is noth­ing more than be­lit­tling his con­tri­bu­tions to the realm of in­ter­na­tional devel­op­ment. While the rest of the world hails him as a hero, it is shame­ful that his own coun­try vic­tim­izes him.

Sana Ja­mal Dhaka, Bangladesh

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