Earlier today the Norwegian Agency for Development Cooperation (Norad) cleared Grameen Bank’s moves to supply its private arm with development funds targeted for its non-profit works. The Minister of the Environment and International Development, Erik Solheim, the official who commisioned a Norad report on this affair offered this assessment: “There is no indication that Norwegian funds […]
There’s a new brew simmering in Bangladesh. It’s made of allegations, recriminations and excuses. This brew has to do with acts committed by the venerable founder Dr. Mohammad Yunus some fifteen years ago. This brew threatens to irreparably mar microcredit institutions, the poverty alleviation regime that over the last several years has gone private, virally, […]
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