May 24, 2011
Mohammed Yunus has been forced by a Bangladesh court to step
down as the head of the Grameen Bank, leaving the world to wonder
what will become of the institution that helped inspire the
microfinance revolution. On this week’s Wonkcast, we consider the
rise and uncertain future of microcredit, not so long ago the
darling of development experts and activists alike, and discuss
whether or not the arc of Yunus’s remarkable life serves as an apt
metaphor for the microfinance movement.
My guest is CGD senior fellow David Roodman, who has been
tracking the Yunus trial since it began as part of his Microfinance
Open Book Blog. The book in public on the blog, Due Diligence: An
Impertinent Inquiry into Microfinance, is nearing completion and
will be published before the end of the year.
Read a full show cummary on the Wonkcast site: