Nobel laureate Muhammad Yunus takes oath as Chief Adviser to form an interim government in Bangladesh.
Muhammad Yunus
Muhammad Yunus is a Bangladeshi economist, entrepreneur, civil society leader and statesman who has been serving as the fifth chief adviser of Bangladesh since 8 August 2024. Yunus pioneered the modern concept of microcredit and microfinance, for which he was awarded the Nobel Peace Prize in 2006 as the first Bangladeshi to win the Nobel Peace Prize and he is also the founder of Grameen Bank.
Chief Adviser of Bangladesh
The chief adviser of Bangladesh, officially chief adviser of the People's Republic of Bangladesh, is the chief executive of the caretaker and the interim government of Bangladesh, who serves as the head of government during the transition period between one elected government and another. With powers roughly equivalent to those of the prime minister of an elected government, their executive power is limited by the constitution. The chief adviser leads an advisory committee comprising several advisers, all of them selected from among politically neutral individuals to be acceptable to all major political parties. The office of the chief adviser is called Chief Adviser's Office.
Yunus ministry
An interim government led by Muhammad Yunus was formed on 8 August 2024 in Bangladesh, following the resignation of Prime Minister Sheikh Hasina on 5 August 2024 amid nationwide student and public protests against the government. Following the dissolution of the 12th Jatiya Sangsad on 6 August 2024, the interim cabinet will remain in office until a new Prime Minister is appointed after a snap general election. The government, like the previous non-caretaker government interim administrations, is extra-constitutional. However, Appellate Division, Supreme Court of Bangladesh affirmed the legality of the stopgap government on 9 August 2024, stating that the doctrine of necessity created an urgent need to manage state affairs and address the constitutional vacuum, similar to previous cases. The main pledge of his ministry is to forge consensus about and implement fundamental reforms that are required to hold a free and fair national election by June 2026.