Grameen Death Watch- 1

Muhammad Yunus’ Open Letter: Future of Grameen Bank: My Fears

Grameen bank has twenty-four thousand dedicated, hard-working employees who travel through the narrow village roads, whilst carrying at least thirty to forty thousand Taka in cash. One can wonder, how much of this money will be deposited with the bank, and how much of it will vanish into thin air when its administration and supervision become weak. Paying bribes for everything may become routine reality-paying bribe to get a loan, paying bribe for buying postings and promotions, paying bribes to enter into a Grameen Bank group, etc. may become the order of the day. Women may no longer be majority of the borrowers any more.

Oh Dr. Yunus! You are such an alarmist! Such a desh-drohi! Such a Hillary’r chyala! Why do you fear the Bangladesh State so much?? Look at all the examples of institutions run by the Bangladesh State that have performed so well over the decades, and remained totally free of corruption and bribery:
1. Bangladesh Jute Mill Corporation
2. Bangladesh Railway
3. Milk Vita
4. Sonali Bank
5. Dhaka Medical College
6. Endless list