Nobel Laureate Muhammad Yunus to Head Bangladesh’s Interim Government

UPDATED: Nobel Peace Prize winner Muhammad Yunus will lead Bangladesh‘s interim government following Prime Minister Sheikh Hasina‘s flight from the country amid mass protests.

Joynal Abedin, press secretary to Bangladesh President Mohammed Shahabuddin, announced the decision early Wednesday after a meeting involving military chiefs, student protest organizers, business leaders and civil society members.

Yunus, 84, a longtime political opponent of Hasina, is expected to return soon from Paris, where he has been undergoing a minor medical procedure. The economist and banker, awarded the 2006 Nobel Peace Prize for his microcredit work, founded Grameen Bank in 1983, helping thousands escape poverty through small loans.

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