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Home >> World
UPDATED: 13:40, May 04, 2007
Bangladeshi Nobel Prize laureate Yunus drops idea of floating political party
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Bangladeshi Nobel laureate Muhammad Yunus Thursday dropped the idea of floating a political party citing the refusal of his political backers to publicly support or join his party, local newspaper The Daily Star reported Friday.

In an open letter to the public, Yunus wrote, "I am standing aside from my efforts to form a political party," adding, "I have seen those who initially encouraged me gradually losing their enthusiasm."

With this letter -- his third one following two on Feb. 11 and 22 through which he announced his decision to join politics and form a party -- Yunus brief and dramatic foray into politics ended.

Yunus said that he took the decision to join politics with the intention of creating a new course for politics and had abandoned all his life's work -- his Nobel Prize-winning organization Grameen Bank -- to pursue this objective.

Yunus launched his political party Nagorik Shakti (citizen's power) on Feb. 22 after his volunteers received torrents of emails, SMSs, and letters from the people urging him to join politics.

However, Yunus did not outline any aims and objectives of his party and has not disclosed them as of now, but slammed the past three political governments for being corrupt and taking the country backward.

Yunus and his Grameen Bank won Nobel Peace Prize on Oct. 13, 2006 for their contribution to the alleviation of poverty with the micro credit program.

Source: Xinhua

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