Muhammad Yunus, the 85-year-old Nobel Peace Prize winner, has officially transferred leadership of Bangladesh to a newly elected government following a period of significant political turmoil. Yunus, who was leading a technocratic government after the ousting of former Prime Minister Sheikh Hasina, resigned from his position as the de facto prime minister. In a live address, he emphasized the need to maintain the progress made toward democracy, freedom of speech, and fundamental rights in the country.

His leadership began after summer protests led to the flight of Hasina from power, and he returned from voluntary exile to lead an interim government. Yunus has been a prominent figure advocating for vulnerable populations through microcredit initiatives, leading to his Nobel recognition in 2006. His recent comments highlight the challenges Bangladesh faces in maintaining democratic values amidst its complex political landscape.

In the previous election in February, the nationalist party BNP emerged victorious, indicating a shift in political power. Yunus’ transition of authority is a significant moment for Bangladesh, as it marks the end of an interim technocratic leadership and sets the stage for the new government to operate. His call to uphold democratic principles will be crucial as the nation navigates its future challenges and opportunities.