Muhammad yunus family

Muhammad Yunus

Portrait Details

Artist: Sedrick Huckaby
Year: 2019

Biography

Muhammad Yunus studied at Dhaka University in Bangladesh and later received a Fulbright Scholarship to study economics at Vanderbilt. Yunus earned his doctorate in economics from Vanderbilt in 1971. He taught at Middle Tennessee State University from 1969 to 1972 and returned to Bangladesh in 1972 to become the chairman of the Department of Economics at Chittagong University. He developed the concept of banking for the poor and initiated Grameen Bank, an internationally recognized model for combatting poverty through micro-lending, in 1976. As a result of his efforts, Yunus has been awarded numerous honors, including the 2006 Nobel Peace Prize, the U.S. Presidential Medal of Freedom and the U.S. Congressional Gold Medal.

Additional News

Exhibit celebrating Vanderbilt’s Nobel laureates

Yunus visits the Vanderbilt community to discuss social change

Who is Muhammad Yunus, the Nobel laureate set to head Bangladesh's interim govt?

Dr. Muhammad Yunus, the Nobel laureate economist, arrived in Dhaka on Thursday afternoon, to be sworn in as the new interim prime minister of Bangladesh.

As the country reels in the aftermath of an unprecedented student-led movement, which led to the resignation of prime minister Sheikh Hasina, the military, opposition and student leaders reached a consensus when it came to asking the 84-year-old known as the ‘banker of the poor’ to lead the first attempt at a new government.

Also Read: Did Sheikh Hasina’s good economics lead to political disaster in Bangladesh?

World leaders watch on to see if the decision to award the top position to Yunus, in this transitional period for Bangladesh, will work out. Fears of military rule, atrocities against minorities and anarchy have been at the forefront of concerns, as Bangladesh seeks to redefine itself after 15 years of Sheikh Hasina's government.

Let us take a look at the economist and leader, who is set to take over a country in crisis.

Early life

Muhammad Yunus

Chief Adviser of Bangladesh since 2024

For other people with similar names, see Mohammad Yunus.

Muhammad Yunus[a] (born 28 June 1940) is a Bangladeshieconomist, businessman, and politician who has been serving as Chief Adviser of the Interim Government of Bangladesh since 8 August 2024.[1] Yunus was awarded the Nobel Peace Prize in 2006 for founding the Grameen Bank and pioneering the concepts of microcredit and microfinance.[2] Yunus has received several other national and international honors, including the United States Presidential Medal of Freedom in 2009 and the Congressional Gold Medal in 2010.[3]

In 2012, Yunus became Chancellor of Glasgow Caledonian University in Scotland, a position he held until 2018.[4][5] Previously, he was a professor of economics at Chittagong University in Bangladesh.[6] He published several books related to his finance work. He is a founding board member of Grameen America and Grameen Foundation, which support microcredit.[7] Yunus also served on

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