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Nobel laureate Muhammad Yunus has been selected as the temporary head of the Bangladeshi government following longtime Prime Minister Sheikh Hasina's ouster. Yunus, who founded regional microfinance giant Grameen Bank, will serve in a caretaker position until new elections are held. Yunus, 84, is a longtime foe of the Hasina government.
He has been the target of multiple state-led corruption investigations. Bangladesh's Nobel laureate Muhammad Yunus has been chosen to head the country's interim government after the nation's longtime prime minister resigned and fled abroad in the face of violent unrest against her rule. Known as the "banker to the poorest of the poor" and a longtime critic of the ousted Sheikh Hasina, Yunus will act as a caretaker premier until new elections are held.
The decision followed a meeting late Tuesday that included student protest leaders, military chiefs, civil society members and business leaders. Hasina was forced to flee on Monday after weeks of protests over a quota system for allocating government jobs turned into a broader challenge to her 15-year rule, which was marked by a rising economy but an increasingly authoritarian streak. BANGLADESH PM RESIGNS, LEAVES COUNTRY AFTER RESIDENCE IS STORMED BY PROTESTERS, ENDING 15-YEAR RULE Hasina’s departure has plunged bangladesh into a political crisis.
The army has temporarily taken control, but it is unclear what its .