Clinton Warns Bangladesh on Grameen Bank

Posted May 6th, 2012 at 4:15 am (UTC-5)
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U.S. Secretary of State Hillary Clinton flies to India Sunday, the last stop on a three-nation Asian tour that started in China.

In Bangladesh Sunday, she told an audience at a public question-and-answer session in Dhaka that she supports the work of Grameen Bank and its founder, Nobel laureate Muhammad Yunus. She said she “highly” respects both Yunus and his work. Clinton said she does not want to see Yunus' work “undermined” by the Bangladeshi government.

Earlier Sunday, Clinton held a private meeting with Yunus, who was ousted as managing director of the pioneering micro-lender Grameen Bank last year in a retirement-age dispute. Yunus is 71.

On Saturday, the top U.S. diplomat met with Bangladeshi Prime Minister Sheikh Hasina and opposition leader Khaleda Zia.

Bangladeshi officials have said they want to encourage more investment from the United States and would like to gain greater access to U.S. markets. Clinton said for that to happen, Bangladesh must set aside its internal bickering, and end the related violence.