Nobel Prize-winning economist Muhammad Yunus was officially sworn in as the head of Bangladesh’s interim government on Thursday. The ceremony took place at the President’s House, where President Muhammad Shahabuddin administered the oath to Yunus. He takes on the role of Chief Adviser, similar to a Prime Minister.
During the event, Yunus vowed to “uphold, support, and protect the Constitution” and to carry out his responsibilities with dedication. His appointment comes amid major political unrest, following the resignation of Prime Minister Sheikh Hasina, who fled to India after facing intense protests led by student activists. No representatives from Sheikh Hasina’s Awami League were present.
Yunus, who is renowned worldwide as the “Banker of the Poor” for his work in microfinance, committed to leading Bangladesh towards stability. He acknowledged the student protesters’ demands and stressed the importance of free elections for achieving lasting peace.
At 84 years old, Yunus accepted the position with the understanding that while the interim government is a step toward reform, real change will require democratic elections. He expressed his readiness to serve if it means contributing to the country’s progress and addressing Bangladesh’s pressing issues.
Sheikh Hasina, who had been in power for 15 years, fled to India last week amid rising violence in Bangladesh.
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Following Hasina’s resignation, Muhammad Yunus was appointed to lead the interim government at the request of the protesting students.
Yunus, who won the Nobel Prize in 2006 for his pioneering work in microfinance, has helped provide small loans to rural women, allowing them to invest in farming and business equipment to improve their lives.
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