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A version of this letter appeared the New York Times print edition on August 14, 2013, on page A22 of the New York edition with the headline: Microcredit in Bangladesh. You can also read it online here.
Microcredit in Bangladesh
Published: August 13, 2013
To the Editor:
Re “Bangladesh Takes Aim at Grameen Bank” (editorial, Aug. 7):
If Prime Minister Sheikh Hasina is truly concerned about potential political rivals, she would be better served by finding creative ways to partner with microfinance institutions like Grameen Bank. Other governments have learned how to do this.
Governments in countries like Brazil, Mexico, the Philippines and India have partnered with microfinance providers to help move people from welfare to work, expand health insurance coverage or provide access to national markets for low-income farmers.
Bangladesh has hundreds of microfinance providers serving more than 20 percent of the country’s adult population, including some of the world’s largest like Grameen, BRAC and ASA. By working with these organizations to remove constraints that trap people in poverty, Sheikh Hasina could establish her legacy as a woman who helped bring profound, positive change to her country.
Dir., Microcredit Summit Campaign
Chicago, Aug. 7, 2013
Want to take action?
- Visit http://www.results.org/grameen to learn more
- Read the Fact Sheet to understand what this is all about
- Write your own letter to the editors of the Wall Street Journal (responding to Aug 5 editorial “Takeover Plan for Microlending Pioneer Grameen Spurs Anger“) and to the New York Times (responding to Aug 7 editorial “Bangladesh Takes Aim at Grameen Bank“)
- Sign the petition “Tell the Bangladeshi Government: End the Attack on Grameen”
- Spread the word!
- Sign onto the open letter to Prime Minister Sheikh Hasina from the Grameen World Leaders Letter