Muhammad Yunus

Economist, Social Entrepreneur, Statesman

Bangladeshi Chittagong, Bangladesh

Quick Info

ProfessionEconomist, Social Entrepreneur, Statesman
NationalityBangladeshi
Date of Birth28/06/1940
Age86 years
BirthplaceChittagong, Bangladesh

Latest News about Muhammad Yunus

17/02/2026

Muhammad Yunus ended his term as Chief Adviser of Bangladesh's interim government on 17 February 2026, after serving from August 2024 following the July Uprising and the resignation of Prime Minister Sheikh Hasina. His tenure marked a critical period of political transition and governance stabilization in Bangladesh.

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Bio/Wiki

Muhammad Yunus is a Bangladeshi economist, social entrepreneur, and founder of Grameen Bank, which pioneered microcredit lending to the poor without collateral.
Born in Chittagong, he studied economics at Dhaka University and earned a Ph.D. from Vanderbilt University in 1969 on a Fulbright scholarship.
After teaching briefly in the US, he returned to Bangladesh in 1972 to head the Economics Department at Chittagong University.
He is the first Bangladeshi to win the Nobel Peace Prize, awarded in 2006 for founding Grameen Bank and pioneering microcredit and microfinance concepts.
Following the July 2024 Uprising, he served as the 5th Chief Adviser of Bangladesh's interim government from August 2024 until February 2026.

Career

Key Milestones
  • 1972: Joined Economics Department, Chittagong University as Head
  • 1976: Started microcredit experiments in Jobra village
  • 1983: Founded Grameen Bank
  • 2006: Nobel Peace Prize
  • 2024-2026: Chief Adviser of Bangladesh interim government
  • 1974: Pioneered Gram Sarkar village government programme
  • 2024: Appointed Chief Adviser of Bangladesh interim government on 6 August following political unrest and resignation of Prime Minister Sheikh Hasina
  • 2010: Received Congressional Gold Medal
  • 2026: Ended term as Chief Adviser of Bangladesh interim government in February

Some Lesser Known Facts

1. Pioneered Gram Sarkar village government programme in 1974, adopted by government.
2. Received US Presidential Medal of Freedom.
3. First Bangladeshi Nobel Peace Prize winner.
4. Developed the concept of microcredit after lending his own money to 42 villagers in Jobra in 1976 to help them escape usurious moneylenders.
5. Received the Congressional Gold Medal in 2010.
6. Founder of Grameen Trust, which extends the Grameen microcredit system globally.
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