NextBillion - An Initiative of the William Davidson Institute at the University of Michigan

Thursday, January 5, 2017

Finance Minister AMA Muhith has said the government plans to strengthen Grameen Bank further so that the Nobel Prize winning microcredit lender becomes more relevant in changing times.

“I think we should revive it in a new style,” he told reporters at his secretariat office yesterday.

Muhith said when Grameen Bank was founded in 1983, it had two aims: to provide loans to the poorest and to make the habit of regular repayments.

“Both aims have already been achieved. There are many microcredit institutions like Grameen Bank in the country now.”