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Special Report | Yunus: Rebuilding Bangladesh (AI Translation)

Published: Feb. 22, 2025  9:08 a.m.  GMT+8
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2025年1月22日,瑞士达沃斯,孟加拉国临时政府首席顾问尤努斯出席世界经济论坛2025年年会。图:Yves Herman/IC photo
2025年1月22日,瑞士达沃斯,孟加拉国临时政府首席顾问尤努斯出席世界经济论坛2025年年会。图:Yves Herman/IC photo

文|财新周刊 胡舒立、徐和谦 发自瑞士达沃斯

By Caixin Weekly's Hu Shuli and Xu Heqian, reporting from Davos, Switzerland

  文|财新周刊 胡舒立、徐和谦 发自瑞士达沃斯

By Caixin Weekly Hu Shuli and Xu Heqian from Davos, Switzerland

  “我原本觉得达沃斯不该是属于我的地方……我似乎应该处在达沃斯讨论的范畴之外。”1月23日,当2006年诺贝尔和平奖得主、“社会企业”概念的提出人,和以小额贷款模式扶助贫民的孟加拉格莱珉银行(即格莱珉银行,Grameen Bank)创办人穆罕默德·尤努斯,在瑞士举行的世界经济论坛上,以这样一段开场白引得众人会心一笑。与其对谈的世界经济论坛创始人施瓦布,在历数尤努斯对社会企业理念的阐扬贡献后,也话锋一转说,“不过我们今天聚焦的,不是你作为社会企业家的身份,而是你在五个半月前接下的新角色——孟加拉国临时政府的首席顾问”。

"I originally felt that Davos wasn't a place meant for me... I seemed to belong outside the scope of discussions at Davos." On January 23, when Muhammad Yunus, the 2006 Nobel Peace Laureate, originator of the "social entrepreneurship" concept, and founder of Bangladesh's Grameen Bank—a pioneer in microcredit to aid the poor—spoke these words at the World Economic Forum in Switzerland, he elicited warm smiles from the audience. Klaus Schwab, the founder of the World Economic Forum, after enumerating Yunus's contributions to the concept of social entrepreneurship, shifted the focus of the conversation saying, "However, today our focus is not your role as a social entrepreneur, but rather the new role you embraced five and a half months ago—as the Chief Adviser of the interim government of Bangladesh."

  2024年7月至8月,拥有1.72亿人口的南亚国家孟加拉国,发生了一场席卷全社会的大规模抗议。过去15年里铁腕主政的原总理谢赫·哈西娜宣布辞职,其领导的孟加拉国人民联盟政权亦随之坍塌。

Between July and August 2024, Bangladesh, a South Asian country with a population of 172 million, witnessed a large-scale protest that swept across the nation. Sheikh Hasina, the former Prime Minister who had ruled with an iron fist for the past 15 years, announced her resignation, leading to the collapse of her ruling party, the Awami League.

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Caixin is acclaimed for its high-quality, investigative journalism. This section offers you a glimpse into Caixin’s flagship Chinese-language magazine, Caixin Weekly, via AI translation. The English translation may contain inaccuracies.
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Special Report | Yunus: Rebuilding Bangladesh (AI Translation)
Explore the story in 30 seconds
  • In 2024, Bangladesh experienced protests leading to Prime Minister Sheikh Hasina's resignation. Muhammad Yunus was appointed Chief Adviser of the interim government in Bangladesh to oversee reforms.
  • Yunus, known for founding Grameen Bank and promoting microcredit, aims to rebuild the economy, establish a new constitutional order, and empower young leaders.
  • Bangladesh seeks international support, including from China, for its economic development, with Yunus advocating for industrial diversification, regional cooperation, and a "Three-Zero World" initiative.
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Explore the story in 3 minutes

[para. 1] Muhammad Yunus, the 2006 Nobel Peace Laureate and founder of Grameen Bank, was chosen as the Chief Adviser of Bangladesh's interim government after a wave of protests led to the resignation of Prime Minister Sheikh Hasina. Originally engaged in social entrepreneurship, Yunus was surprised by the political role he was invited to fulfill, replacing an authoritative regime that had ruled for 15 years.

[para. 2] Bangladesh faced enormous challenges, including societal unrest and the remnants of a collapsed political system. Yunus, known for pioneering microcredit strategies through Grameen Bank, now extended his influence to national governance, addressing the urgent need for social order reconstruction, reform, and balancing change during a politically transitional period.

[para. 3] Yunus's personal history, including time in the United States and work in famine-stricken Bangladesh, contributed to his lifelong dedication to poverty alleviation. His establishment of Grameen Bank in 1983 marked a significant stride in microcredit, focusing particularly on women's financial empowerment in rural areas.

[para. 4] Through Grameen Bank, Yunus saw firsthand the power of fiscal support for women, often resulting in broader social benefits. By 2006, Yunus and the bank had disbursed loans to millions of impoverished Bangladeshis, with his work echoing broader social and economic philosophies that changed lives globally, including in China where collaborative projects furthered his model.

[para. 5] The recent protests in Bangladesh were partly driven by dissatisfaction with Sheikh Hasina's governance, financial improprieties, and an inequitable civil service system, which prompted the call for significant reforms under the new interim leadership of Yunus.

[para. 6] Faced with a deeply challenged economy, Yunus formed an unconventional cabinet, including young reformers, NGO leaders, and technocrats, addressing key issues like legal reform, corruption, and electoral systems. He spearheaded the nation’s economic rebuilding, emphasizing swift, comprehensive macroeconomic stabilization.

[para. 7] At Davos, Yunus shared his strategy to create a "July Charter," a consensus document for Bangladesh's political framework, emphasizing the importance of an inclusive, multi-sectorial reform approach. This plan involves all political facets and seeks to pave the way for a more effective, transparent government.

[para. 8] Yunus places significant weight on empowering the youth, recognizing them as global change agents. He acknowledges their central role in Bangladesh's political evolution, fostering an environment that encourages new participatory avenues for young leaders, potentially transforming governance and social policies.

[para. 9] Challenges persist, as opposition factions critique Yunus's initiative timeline. Still, Yunus argues for a balanced approach — aiming to ensure comprehensive reform pays lasting dividends rather than rushing elections that might reinstate previous governance issues.

[para. 10] Yunus sees prospects for Bangladesh's future in industrial diversification and strengthened diplomatic ties. International collaboration—particularly with China—presents opportunities for infrastructure and economic development under Yunus's interim leadership model.

[para. 11] The global significance of Bangladesh’s ongoing efforts lies in setting precedents for systemic transformation and youth engagement in governance. Yunus’s vision is a testament to leveraging generational strengths for national and potentially global benefits, encouraging international leaders to support burgeoning youth movements.

[para. 12] Through strategic decisions and international diplomacy, Yunus pursues economic priorities centred on infrastructural investment and industrial resilience, seeking bilateral cooperation to bolster Bangladesh's societal reinvigoration post-crisis. His open-door policy aims to integrate Bangladesh seamlessly into the global economy, ensuring self-reliant growth.

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Who’s Who
Grameen Bank
Grameen Bank, founded by Muhammad Yunus in 1983, is a pioneering microfinance institution in Bangladesh. It provides small loans to the poor, primarily women, without requiring collateral. This model empowers borrowers, enabling them to achieve financial independence and alleviate poverty. By forming "solidarity groups" of borrowers, the bank promotes mutual accountability and experience-sharing. Grameen Bank's model has inspired social enterprise movements globally and significantly contributed to Yunus's Nobel Peace Prize recognition.
Bridgewater Associates
Bridgewater Associates is mentioned in the article in the context of the World Economic Forum at Davos, where Muhammad Yunus had separate meetings with several global figures, including Ray Dalio, the founder of Bridgewater Associates. The meetings were part of Yunus's efforts to seek international support for Bangladesh, following his appointment as the head of the interim government after major political changes in the country.
China Construction Bank
In the article, China Construction Bank (CCB) cooperates with Grameen China to implement women's entrepreneurship loan projects in rural areas following Muhammad Yunus's principles. Since 2018, this collaboration has established nine cooperative institutions in Ankang, Shaanxi; Lankao, Henan; Shenzhen, Guangdong; and other locations. The initiatives are meticulously aligned with Yunus's design to support entrepreneurship and financial empowerment for women.
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What Happened When
Between July and August 2024:
Large-scale protests occur in Bangladesh, leading to the resignation of Prime Minister Sheikh Hasina and the collapse of the Awami League
By August 8, 2024:
Muhammad Yunus returns to Bangladesh from Paris to assume the role of Chief Adviser of the interim government
September 25, 2024:
China's Foreign Minister Wang Yi meets Muhammad Yunus at the UN General Assembly in New York
January 21, 2025:
Touhid, head of foreign affairs for the Yunus interim government, holds talks with Wang Yi in Beijing
January 23, 2025:
Muhammad Yunus speaks at the World Economic Forum in Davos, Switzerland
As of 2025:
Key figures from the student protest movement are contemplating forming a new political party to participate in upcoming elections
AI generated, for reference only
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