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  News   Nation  31 Jul 2020  Poor people are all over but the economy does not recognize them: Muhammad Yunus

Poor people are all over but the economy does not recognize them: Muhammad Yunus

ROZANA SPOKESMAN
Published Jul 31, 2020, 2:42 pm IST
Updated Jul 31, 2020, 2:42 pm IST
Muhammad Yunus, on Friday said the coronavirus pandemic has given the world a chance to reflect and take "outrageously" bold decisions
Muhammad Yunus
 Muhammad Yunus

New Delhi: Muhammad Yunus on Friday said that the coronavirus pandemic has given the world a chance to reflect and take bold decisions to create a new order where there is no global warming, no wealth concentration and no unemployment.

In a conversation with Congress leader Rahul Gandhi, Yunus called for making a new beginning towards a system that will create space for the informal and rural economy and all sections of society.

Muhammad YunusMuhammad Yunus "COVID has given us a chance to reflect on how big, bold decisions can be taken. It has given us a window of thinking and we have a choice, whether we go to that terrible world which is going to destroy itself anyway or we go someplace else and build a new world where there will be no global warming, no wealth concentration, no unemployment," he said.

Yunus said, "Financial systems are designed in wrong ways. Covid has revealed the weaknesses now. Poor people are all over but the economy does not recognize them. If we can finance them they will move up the ladder. We are engaged with the formal sector."

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