Nobel laureate Muhammad Yunus leaves microfinance bank
The announcement by Muhammad Yunus that he is standing down as managing director is a watershed in the 28-year history of the bank, which is credited with lifting millions of the world's poorest people out of poverty. It also ends a protracted legal wrangle with the Bangladeshi government over control of the bank.
Yunus wanted to "ensure my colleagues and our 8 million members, and owners of the bank, are not subjected to any difficulty in discharging their responsibilities". He took the step "without prejudice" to outstanding legal issues.
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