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Unsurprisingly, Bangladesh's Supreme Court has rejected the last petitions to reinstate Yunus as the managing director of the Grameen Bank.

Reuters has the story. Amy Kazmin of FT has a nice article too, behind a paywall.

One thing to watch now is whether the parliament enacts a law to, at a minimum, give the government control of the board. As things stand, 9 of the 12 members are elected Bank members, and could obstruct whatever the government wants to do, including appointing a successor to Yunus.

 

CGD blog posts reflect the views of the authors drawing on prior research and experience in their areas of expertise. CGD does not take institutional positions.

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