Tag: financial crises


A Conference Call with CFR: What Students Are Asking

Blog Post

Today with Francis Fukuyama, I participated in a Council on Foreign Relations “Academic Conference Call” (listen here) with undergraduate and graduate students from over 40 universities.  We answered questions about our March/April Foreign Affairs article, The Post-Washington Consensus: Development after the Crisis.  (The article is based on a book due out any day now from Johns Hopkins University Press:  New Ideas on Develop

Withdrawals from Grameen Bank Accelerating

Blog Post

Contrary to the reassuring February 28 update I posted yesterday, there are reports of accelerating withdrawals from the Grameen Bank in the last couple of weeks. So far the numbers represent perhaps 0.3--3% of the bank's reported 103 billion taka ($1.46 billion) deposit base, which is worrying given the potential for rapid increase. News of withdrawals feeds withdrawals.

After the Fall

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The court's verdict on the government's move to dismiss Muhammad Yunus is now expected tomorrow. Bangladesh's judiciary is not reputed for independence from the executive branch.

Yunus Fired?

Blog Post

The BBC and AFP are reporting that Muhammad Yunus was fired from the Grameen Bank...or at least are quoting the new government-appointed chair, Muzammel Huq, to that effect.