Saturday, April 23, 2011
Muhammad Yunus knew seeking to enter politics in Bangladesh would receive ‘bruising response'
The founder of Grameen Bank was receptive to the idea of Bangladesh expanding economic relations with India. However, he was concerned “that often it became a divisive political issue, with Bangladeshi politicians stoking resentment against India for political gain.” He was also quick to point out that all was not well with the Indian government too, “particularly the significant non-tariff barriers that restricted Bangladeshi goods from reaching Indian markets.”
Describing his mind, he narrated to the U.S. diplomat, included the opening of the Chittagong port to regional trade with India, Burma, Bhutan and China, and “the possibility of financing a new ‘mega-port' project in Chittagong to meet the regional demand” through the Grameen Bank.