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Nobel laureate Muhammad Yunus will head the interim government of Bangladesh

Other members of the new government would be decided soon, after discussions with political parties and other stakeholders, Abedin said.

August 7, 2024
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Dhaka. Nobel laureate Muhammad Yunus will head Bangladesh’s interim government after longtime Prime Minister Sheikh Hasina fled the country amid a mass uprising that left hundreds of people dead and pushed the South Asian nation to the brink of chaos.

The decision, announced early Wednesday by Joynal Abedin, the press secretary of the country’s figurehead President Mohammed Shahabuddin, came during a meeting that included military chiefs, organizers of the student protests that helped drive Hasina from power, prominent business leaders and civil society members.

A longtime political opponent of Hasina, Yunus is expected to return soon from Paris, where he is advising Olympic organizers, media reports said.

An economist and banker, he was awarded the 2006 Nobel Peace Prize for his work developing microcredit markets. Yunus has been hailed for bringing thousands out of poverty through Grameen Bank, which he founded in 1983, and which makes small loans to businesspeople who wouldn’t qualify for regular bank loans.

Other members of the new government would be decided soon, after discussions with political parties and other stakeholders, Abedin said. The president had dissolved Parliament on Tuesday, clearing the way for an interim administration and new elections.

Shahabuddin also ordered the release of opposition leader Khaleda Zia from house arrest, a longtime Hasina rival who was convicted on corruption charges in 2018.

The streets of Dhaka, the capital, were calm Tuesday, a day after violence swept parts of the country amid Hasina’s sudden departure. On Tuesday, jubilant protesters thronged the ousted leader’s residence, some posing for selfies with soldiers guarding the building after Monday’s wave of looting. – AP

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