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Mon, 25 Apr 2011 11:09:00

Committee turns in GB report today

A committee looking into Grameen Bank (GB) operations is expected to submit its report to Finance Minister AMA Muhith today, officials said.

A committee looking into Grameen Bank (GB) operations is expected to submit its report to Finance Minister AMA Muhith today, officials said.

The government formed the five-member committee on January 10, headed by Prof AK Monowar Uddin Ahmed, who teaches economics at Dhaka University.

Contacted, Prof Ahmed told The Daily Star that the submission of the report would be confirmed in the morning.

Ahmed said the report contains different types of recommendations. “The government may accept the recommendations completely or partially. It is up to the government,” he said.

The committee was tasked with reviewing a documentary aired by a Norwegian television station and subsequent media reports on transfer of funds from Grameen Bank to Grameen Kalyan and interest rates on the micro-financier's loans.

source: thedailystar.net  


 


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