So, a Nobel Prize winner can make no error.
He is God!!
Pakistan does not think so.
China does not think so.
India gives respect, but does not take that what a Nobel Prize winner has to state is God's Own Truth!!
Oh BTW, you did not answer as to what is the interest paid by those who borrow from the Grameen Bank.
And whether it is less or more than the standard banks.
WTF does China and Pakistan have to do with this????
Grameen Bank provided the lowest rate of interest compared to other banks. Dr. Yunus said it himself in the interview. Other banks charge much higher rates of interest in Bangladesh.
Even the current finance minister said it himself:
"Referring to the interest rate charged by Grameen Bank, the committee said among all microcredit lenders in the country Grameen Bank offers the lowest interest rate, Muhith said."
"It reviewed the interest rates of 10 leading microfinance institutions in the country and found Grameen Bank's effective interest rate at 20 percent on loans was the lowest. The government has set the microcredit interest rate at a maximum of 27 percent."
That rate is even lower than government institutions.
Grameen gets clean chit | PRIYO
And no, I am not naive enough to believe the micro-finance is the only way to eliminate poverty and ensure a better society. There are many other factors.
My point is not noble prize winners being gods or that they are always right, my point is that Hasina keeps hanging around Dr. Sen (a foreigner) but attacks her own country's very first Noble Peace Prize winner.
Dr. Yunus's Nobel Peace Prize triumph was historic for Bangladesh and meant a lot for many here. The sole reason for Hasina's hatred of Dr. Yunus is mainly jealousy. She expected to win a Nobel Peace Prize due to the peace accord she set in the Chittagong Hill Tracts conflict. The fact that he is the first Nobel Peace Prize winner in the country is something she couldn't bring herself to the reality.
Any facts and figures or source to prove your contention?
We work in exciting times and I am sure we can learn from your NGOS and so my query!
To believe that there are NGOs who achieve what no Govt can!!
Man, that speaks volumes!
There were many studies about the role of NGOs and their effects on the people of Bangladesh. Especially in areas in which the government failed.
http://profile.nus.edu.sg/fass/polhaque/ipsr-ngo.pdf
In fact, in many areas, the actual work NGOs do becomes more influential than the government itself. And of-course, that work needs support from cooperation of government, and that's about it.
"As the numbers of NGOs increased rapidly, the amount of international aid funds coming to NGOs 'ballooned from roughly [US]$150 million in 1990 to nearly [US]$450 million in 1995, the peak year of the decade' to 2000 (Stiles, 2002, p.837). Interestingly 1995 was also a peak year internationally, with gross outflows of US$18,000 million from all NGOs in OECD countries (Van Rooy, 2001, p.22). Since the early 1990's '15% of all foreign aid to Bangladesh' has been going to NGOs (Begum, 2004, p.102). The proportion of foreign aid to Bangladesh going to NGOs increased from about 11% in 199-91 to about 27% in 2004 as shown in Figure 1 taken from World Bank (2006, p.vi). The graph also indicates that the importance of foreign aid has declined from over 6% of GDP to under 4% in the same period."
"How did NGOs become so ubiquitous and dominant in Bangladesh society and economy? Explanations for the growth of NGOs range from the conspiratorial (Saifullah, 2001, p.114) to theories of a weak state. There are key factors both internal and external to Bangladesh.
The first generation of Bangladeshi nationalists were very idealistic. The first government (of Sheikh Mujibar Rahman) tended towards socialist politics and there has always been stream of discourse idealising simple and shared community life in Bengali society. In neighbouring West Bengal the Communist Party has remained in power for 30 years. In Bangladesh, the succession of regimes from Sheikh Mujib to H.M. Ershad (1982-1990) each attempted to build participatory democratic systems while simultaneously keeping them quarantined from impacting on the ruling regime at the national level (Blair, 1985). Aside from popular tension eventually boiling over and each regime eventually being toppled, along the way educated idealists were diverted from participation in open politics into the NGO sector (Wood & Sharif, 1997, p.28). Thus the NGO sector attracted very able people with strong ideals."
NGOs and Development in Bangladesh:
As far as education goes, NGOs play a very crucial role, without their help, much of Bangladeshi wouldn't go forward:
"Today NGOs play a significant role in education in Bangladesh. It would be to the advantage of the Bangladesh to increase their role wherever possible, for the reasons that have been outlined above: their ability to reach into communities the government cannot, the flexibility of their programs, and the quality of the education they are providing. There is nothing in their agendas with which the Government of Bangladesh disagrees"
http://ih.stanford.edu/rosenfield/resources/Primary Education in Bangladesh.pdf
As far as population in Bangladesh goes, the line just keeps going up. Many studies have shown that population is the biggest problem in Bangladesh at the moment.
"In fact, studies have shown that Bangladesh's biggest problem is arguably population pressure: there is no more land. If our population was half of that it is currently, the ability of the country and its resources to deal with the changes would have been far easier. Although we have succeeded in arresting the rate of population growth from around 3% to around 1.4% per annum, experts agree that this is not enough. Environmental groups and media reports have seized on suggestions that as many as 20 million people could be forced to leave their homes in coming decades"
http://www.thedailystar.net/forum/2011/january/problem.htm
Not enough is being done to control the population.
