Muhammad Yunus: Nobel Winner To Lead Bangladesh Interim Government
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Nobel Peace Prize laureate Muhammad Yunus has been chosen to head Bangladesh's interim government
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The move comes after Bangladesh prime minister Sheikh Hasina resigned and fled the country following massive protests
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Known as "banker to the poorest of the poor", Muhammad Yunus will act as caretaker premier until new elections are held
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Yunus was awarded the Nobel Peace Prize in 2006 for pioneering the use of microcredit to help impoverished people, particularly women
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He founded Grameen Bank in 1983 to provide small loans to entrepreneurs who would not normally qualify to receive them
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Yunus was born into a well-to-do family - his father was a successful goldsmith - in Chittagong in 1940
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Yunus won a Fulbright scholarship to study in US and returned soon after Bangladesh won its independence from Pakistan in 1971 war
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When he returned, he was chosen to head Chittagong University's economics department
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Yunus has won numerous high honours for his work, including a US Presidential Medal of Freedom awarded by Barack Obama
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