Not interested for World Bank presidency: Prof Muhammad Yunus

DHAKA, March 2: Nobel Laureate Professor Muhammad Yunus today thanked Prime Minister Sheikh Hasina for proposing his name for the World Bank presidency but said he was unwilling to be its head as he wanted to dedicate his life to social business, an idea he was propagating for the past several years.

"I have no interest in taking the responsibilities of the position of the World Bank chief," the 70-year old economist said in a statement adding that he wanted to dedicate his life to social business, an idea he was propagating for the past several years for the "poor men's benefit".

He, however, said, the premier's proposal was an "unexpected good news for me" and he "sincerely thanked" the premier for her "kind gesture" but rejected the suggestion saying "all my life, I have dedicated myself to do things in my own way, and do things which I thought important for me to do".

"I would like to sincerely thank the Honorable Prime Minister for the kind gesture that she has shown by proposing my name for the top job in such a prestigious and influential global institution," Yunus said.

He said he was happy also because the premier's proposal itself, and "the generous list of my qualifications for the job that the Honorable Prime Minister presented to the (EU) delegation, make clear that the impressions she previously had about me and Grameen Bank no longer exists".

"Now I am hopeful that the government's policy towards the Grameen Bank and me will be in line with the Prime Minister's latest position. This will remove a huge burden of pain and worry from me, also from many others in the country," Yunus said.

Yunus said being a "regular critic of the World Bank," he criticised the regulation and activities of the bank for a long time while the provision of keeping its top position for a US citizen was "also a matter of my criticism".

Yunus's comments came more than a week after Sheikh Hasina on February 22 proposed Yunus's nomination as the World Bank chief during a meeting with a EU parliamentary delegation months after his resignation from the Grameen Bank following a protracted dispute with her government.

US Ambassador Dan Mozena earlier this week said Washington would give its "fullest consideration" to Yunus's candidature for the World Bank presidency "if he agrees" to be the head of the Bretton Woods institution.

Yunus's experiment of poor men's banking earned Bangladesh the repute of being the home of micro credit and the Nobel Peace Prize to himself in 2006 jointly with his Grameen Bank.

During the meeting with the EU delegation Hasina noted that Yunus also was respected all over the world for his outstanding contribution towards alleviating poverty through micro credit activities and his experience would be a valuable asset for the World Bank.

Historically the World Bank presidents come from the United States but Yunus's name was suggested for the position as proposals were floated to amend the provision and keeping the presidency of the multilateral lending agency open for prospective candidates outside the US.

But Yunus said he was now involved in works to make "the world aware of the potential of social business, the successful implementation of social business, making the next generation across the globe optimistic about the future of humanity and encouraging them to take the leadership in creating a new, and better world".

"I want to remain completely focused to these tasks. I hope some time soon, there will be a 'World Social Business Bank' . . . When this bank is created, if someone requests me to take the Presidency of the bank, I'll accept that responsibility with great pleasure, no matter what my age will be at that point of time," he said.

Views: 23

Add a Comment

You need to be a member of EJC - Journalism Community to add comments!

Join EJC - Journalism Community

Latest Activity

Semin Sezerer is now friends with Arben LAGRETA, Jayantakumar Das, MOHAMED MOURSY ABOU EL ABBAS and 5
16 hours ago
Qamar-ul-Munir liked Emma Brewin's group Investigative Journalism
19 hours ago
Profile IconQamar-ul-Munir and Oben Özaydın joined Emma Brewin's group
Thumbnail

Investigative Journalism

"Seeking to tell the documented truth, critically and in depth, without fear or favour"
19 hours ago
Oben Özaydın updated their profile
yesterday
Joseph Muwowo posted a discussion

Story Suggetions to Satellite Channels

I would like to find out if any one has an idea about any Satellite Channel that would be interested in News / Current Affairs and short Documentary Stories from Africa. See More
yesterday
Eliana van de Craats Lima posted a group
Thumbnail

Peace and Journalism

Here, journalists and media reporters, editors and broadcasters choose to report only relevant stories that focus on non-violent responses, innovative ideas and minds that search for a better world, and welcome only the positive insights. We refuse to cover hatred but allow those that choose for a constructive dialogue.If there is a conflict we look for the causes, and we write about actors which try to find solutions. We want to show the world that journalists aren't part of conflicts, but we…See More
yesterday
Katrina Wood posted a blog post

Criminalization of defamation: 'press freedom' or judicial integrity?

In a web search for defamation, one sees various articles mentioning the criminalization of defamation: in a variety of countries, such as eastern European or Russian countries, or Zimbabwe. Various human rights organizations or NGOs are reported to have signed protests against recent attempts to re-introduce criminal defamation into law in some of them. It is often argued as an attack on press freedom.The European Convention on Human Rights (ECHR) does not apparently support criminalization of…See More
yesterday
Syed Shukur Ali (Shuvo) posted a blog post

Bangladesh tops 32 nations in climate risk chart

DHAKA, Oct 30, 2014-Bangladesh, Sierra Leone and South Sudan led a ranking of countries facing extreme risks as a result of climate change, exacerbating the chances of civil conflict, according to a study by UK researcher Maplecroft.A total of 32 countries out of 196 surveyed face that level of threat, the Bath, England-based analyst said today in an e-mailed statement, the study said.Nigeria, Chad, Haiti, Ethiopia, the Philippines, the Central African Republic and Eritrea rounded out 10 most…See More
yesterday

© 2014   Created by Arne Grauls.

Badges  |  Report an Issue  |  Terms of Service