Nobel laureate Muhammad Yunus has been appointed to head Bangladesh's interim government following the resignation and flight of former Prime Minister Sheikh Hasina amid mass protests. This decision, announced by President Mohammed Shahabuddin, marks a significant step towards restoring stability in the country after weeks of violent unrest.

The protests, which began over a controversial quota system for government jobs, escalated into a broader anti-government movement, leading to nearly 300 deaths and thousands of injuries. The demonstrators, mainly led by students, called for a non-military interim government and specifically endorsed Yunus for the role.

Yunus, renowned for his pioneering work with the Grameen Bank and his efforts to alleviate poverty through microcredit, has been a prominent figure in Bangladesh and internationally. His appointment comes as part of a broader agreement involving the military, student leaders, and civil society members. This coalition aims to ensure a peaceful transition and prepare for new elections following the dissolution of the parliament.

Yunus is expected to return to Bangladesh soon from Paris, where he has been residing for medical reasons. Meanwhile, former Prime Minister Khaleda Zia, a long-time political rival of Hasina, has been released from house arrest as part of the ongoing political changes.

The streets of Dhaka have seen a reduction in violence since the announcement, although security remains tight, with significant measures in place along the Indian border and disruptions to transportation and daily activities.

This interim government is seen as a critical step towards addressing the demands of the protesters and moving the country towards a more stable and democratic future.