A Bangladeshi commission has proposed the Government takeover or split the Nobel-award-winning Grameen Bank into 19 parts, sparking criticism with several analysts fearing it to be a systematic move to destroy the pioneering micro lending agency.
The government commission has released a working paper on restructuring Grameen Bank, founded by Nobel Laureate Muhammad Yunus.
The paper says Grameen should be broken up into 19 separate organisations to decentralise the bank’s operations and management. It also suggested Grameen’s legal status be amended with the Government owning at least 51 per cent.
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