CGD Policy Blogs
The report of the committee appointed to investigate the Grameen Bank is now public, thanks to what is obviously a friendly leak to bdnews24.com. That's the organization that launched the controversy in Bangladesh with its headline, Yunus 'siphoned Tk 7bn aid for poor'. Unfortunately, the report is in Bengali, so I can't read it. You probably can't either.
Something called IRIN, a news service of the U.N. Office for the Coordination of Humanitarian Affairs, ran this headline last week: "Microfinance institutions pushed loans, admits major NGO." The "admission" came from Shameran Abed, head of BRAC's microfinance program in Bangladesh and son of BRAC founder Fazle Abed.
No chapter draft looked more archaic in my rewriting pass than that of chapter 8. When I wrote it a year ago, India was on "everyone's watch list." It's come off those lists now.
[Note: A full response to Mark Pitt is now available.]
And so it continues: the scientific process, live on your screen.
Prime Minister Sheikh Hasina's first formal act after publicly vilifying the Grameen Bank last winter was not to sue Muhammad Yunus for being 70, but to launch a committee to investigate the charges of wrongdoing in Tom Heinemann's documentary and, presumably, whatever else it could dig up. The committee's report, originally scheduled for April 4, is now due April 21.