Yunus donated to Clinton's charity while she ordered assistance during Grameen Bank crisis | daily-sun.com

Yunus donated to Clinton's charity while she ordered assistance during Grameen Bank crisis

Sun Online Desk     24th August, 2016 06:12:05 printer

Yunus donated to Clinton's charity while she ordered assistance during Grameen Bank crisis

Hillary met Dr Muhammad Yunus at Dhaka while she was on a short visit in Bangladesh as the Secretary of State.

Nobel laureate and founder of Grameen Bank Dr Muhammad Yunus donated to the US presidential nominee Hillary Clinton's family charity when she was Secretary of State under Obama and ordered to assist the embattled economist during crisis with Bangladesh government, an Associated Press analysis published on Wednesday shows.

 

The review of US State Department calendars released so far to The Associated Press represent the first systematic effort to calculate the scope of the intersecting interests of the charity Clinton Foundation donors and people who met personally with Clinton or spoke to her by phone about their needs.

 

The AP sought Clinton's calendar and schedules three years ago, but delays led the AP to sue the State Department last year in federal court for those materials and other records.

 

Combined, the 85 donors contributed as much as $156 million. At least 40 donated more than $100,000 each, and 20 gave more than $1 million, the review showed.

 

Muhammad Yunus, who who won the 2006 Nobel Peace Prize for pioneering low-interest "microcredit" for poor business owners, met with Clinton three times and talked with her by phone during a period when Bangladeshi government led by current Prime Minister Sheikh Hasina investigated his oversight of nonprofit Grameen Bank and ultimately successfully pressured him to resign from the bank's board.

Throughout the process, he pleaded for help in messages routed to Clinton, and she ordered aides to find ways to assist him.

 

American affiliates of Grameen Bank had been working with the Clinton Foundation's Clinton Global Initiative programs as early as 2005, pledging millions of dollars in microloans for the poor. Grameen America, the bank's nonprofit U.S. flagship, which Yunus chairs, has given between $100,000 and $250,000 to the foundation — a figure that bank spokeswoman Becky Asch said reflects the institution's annual fees to attend CGI meetings. Another Grameen arm chaired by Yunus, Grameen Research, has donated between $25,000 and $50,000.

 

As a U.S. senator from New York, Clinton, as well as then-Massachusetts Sen. John Kerry and two other senators in 2007 sponsored a bill to award a congressional gold medal to Yunus. He got one but not until 2010, a year after Obama awarded him a Presidential Medal of Freedom.

 

Yunus first met with Clinton in Washington in April 2009. That was followed six months later by an announcement by USAID, the State Department's foreign aid arm, that it was partnering with the Grameen Foundation, a nonprofit charity run by Yunus, in a $162 million commitment to extend its microfinance concept abroad. USAID also began providing loans and grants to the Grameen Foundation, totaling $2.2 million over Clinton's tenure.

 

By September 2009, Yunus began complaining to Clinton's top aides about what he perceived as poor treatment by Bangladesh's government. His bank was accused by a section of local media of financial mismanagement of Norwegian government aid money — a charge that Norway later dismissed as baseless. But Yunus told Melanne Verveer, a long-time Clinton aide who was an ambassador-at-large for global women's issues, that Bangladesh officials refused to meet with him and asked the State Department for help in pressing his case.

 

"Please see if the issues of Grameen Bank can be raised in a friendly way," he asked Verveer. Yunus sent "regards to H" and cited an upcoming Clinton Global Initiative event he planned to attend. Clinton ordered an aide: "Give to EAP rep," referring the problem to the agency's top east Asia expert.

 

Yunus continued writing to Verveer as pressure mounted on his bank. In December 2010, responding to a news report that Bangladesh's prime minister was urging an investigation of Grameen Bank, Clinton told Verveer that she wanted to discuss the matter with her East Asia expert "ASAP."

 

Clinton called Yunus in March 2011 after the Bangladesh government opened an inquiry into his oversight of Grameen Bank. Yunus had told Verveer by email that "the situation does not allow me to leave the country." By mid-May, the Bangladesh government had forced Yunus to step down from the bank's board. Yunus sent Clinton a copy of his resignation letter. In a separate note to Verveer, Clinton wrote: "Sad indeed."

 

Clinton met with Yunus a second time in Washington in August 2011 and again in the Bangladesh capital of Dhaka in May 2012. Clinton's arrival in Bangladesh came after Bangladesh authorities moved to seize control of Grameen Bank's effort to find new leaders. Speaking to a town hall audience, Clinton warned the Bangladesh government that "we do not want to see any action taken that would in any way undermine or interfere in the operations of the Grameen Bank."

 

State Department officials have said they are not aware of any agency actions influenced by the Clinton Foundation. State Department spokesman Mark Toner said Tuesday night that there are no prohibitions against agency contacts with "political campaigns, nonprofits or foundations — including the Clinton Foundation." He added that "meeting requests, recommendations and proposals come to the department through a variety of channels, both formal and informal."

 

On Monday, Bill Clinton said in a statement that if his wife were to win, he would step down from the foundation's board and stop all fundraising for it. The foundation would also accept donations only from U.S. citizens and what it described as independent philanthropies, while no longer taking gifts from foreign groups, U.S. companies or corporate charities. Bill Clinton said the foundation would no longer hold annual meetings of its international aid program, the Clinton Global Initiative, and it would spin off its foreign-based programs to other charities.


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