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Nobel Peace Prize to Muhammad Yunus and the Grameen Bank

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Saturday, October 14, 2006

The microcredit Grameen Bank and its creator, Muhammad Yunus, are jointly awarded the Nobel Peace Prize "for their efforts to create economic and social development from below."

Most people were expecting the founder to be nominated for the Economics Nobel prize but the Norwegian Nobel Institute decided to award him the Peace Prize for his attempt to destroy poverty, emphasizing women who have to "struggle against repressive social and economic conditions".

Yunus, from Bangladesh, said "We want the same kind of unity in politics like the unity that has been created by the Nobel prize award," at a press conference at the bank's office in the suburbs of the Bangladeshee capital, Dhaka.

In 2005, the Nobel Peace Prize was also awarded jointly to the International Atomic Energy Agency (IAEA) and Mohamed ElBaradei (محمد البرادعي) (Egypt).

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  This page is archived, and is no longer publicly editable.
Articles presented on Wikinews reflect the specific time at which they were written and published, and do not attempt to encompass events or knowledge which occur or become known after their publication.

Got a correction? Add the template {{editprotected}} to the talk page along with your corrections, and it will be brought to the attention of the administrators.

Please note that due to our archival policy, we will not alter or update the content of articles that are archived, but will only accept requests to make grammatical and formatting corrections.

Note that some listed sources or external links may no longer be available online due to age.
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