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Press Release from the Nobel Prize Foundation
The Norwegian Nobel Committee has decided to award the Nobel Peace Prize for 2006, divided into two equal parts, to Muhammad Yunus and Grameen Bank for their efforts to create economic and social development from below. Lasting peace can not be achieved unless large population groups find ways in which to break out of poverty. Micro-credit is one such means.


The Nobel Peace Prize for 2006

The Norwegian Nobel Committee has decided to award the Nobel Peace Prize for 2006, divided into two equal parts, to Muhammad Yunus and Grameen Bank for their efforts to create economic and social development from below. Lasting peace can not be achieved unless large population groups find ways in which to break out of poverty. Micro-credit is one such means. Development from below also serves to advance democracy and human rights.

Muhammad Yunus has shown himself to be a leader who has managed to translate visions into practical action for the benefit of millions of people, not only in Bangladesh, but also in many other countries. Loans to poor people without any financial security had appeared to be an impossible idea. From modest beginnings three decades ago, Yunus has, first and foremost through Grameen Bank, developed micro-credit into an ever more important instrument in the struggle against poverty. Grameen Bank has been a source of ideas and models for the many institutions in the field of micro-credit that have sprung up around the world.

Every single individual on earth has both the potential and the right to live a decent life. Across cultures and civilizations, Yunus and Grameen Bank have shown that even the poorest of the poor can work to bring about their own development.

Micro-credit has proved to be an important liberating force in societies where women in particular have to struggle against repressive social and economic conditions. Economic growth and political democracy can not achieve their full potential unless the female half of humanity participates on an equal footing with the male.

Yunus's long-term vision is to eliminate poverty in the world. That vision can not be realised by means of micro-credit alone. But Muhammad Yunus and Grameen Bank have shown that, in the continuing efforts to achieve it, micro-credit must play a major part.

Oslo, 13 October 2006 

Comments (4)
Gordon Miles Callison  - Historic Artist
November 14, 2011  
I commend the efforts of people of the world who have been and now are helping the poorest of the poor in poverty stricken nations, through organizations like Yunus Centre, to help the poor to rise toself help through various means including 'micro-credit' but not only it, but other tangible means. In a world such as ours, there are many ways to achieve an end, one is Dr. Yunis' approach; but there is one that is greater...introduce people to THE God of Real Love, God Almighty, who created Heaven and Earth and instilled in All His Children the abilities to help the less fortunate in a myriad of ways. God's Son died for all mankind, but those who do good, for goods sake alone have but reached one avenue; there are many other paths to be a helper: walk among the hurting, shoulder their burdens, carry them through prayer, assist with finances, but just as important as these few steps are, the Most Important is the Self Image that God gives a person..when they acknowledge Him and come ...
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Mohammad Raihan Mazumder  - We are Proud Bangladeshi..
August 26, 2011  
I'm living Yogyakarta, Indonesia. Here many people know Dr. Yunus. But they dont know Bangladesh. i'm Surprized. So want to say Bangladesh is Dr. Yunus. We are proud Bangladeshi. We hv talent.
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majbaul alam  - Micro-credit at the bottom of the pyramid (global
April 16, 2011  
The pace of change in the global economy and shifting of power from the west to the east surely proves the imminent necessity of 'Grameen Bank type' micro-credit in the developed economics.

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md.abdur rashid  - Bangladesh and Dr. Yunus
March 15, 2011  
Dr. Yunus - is our pride the symbol of bangladeshi in the world, who reached to the poor and shaped their life to lead with social security with empowering millkions of womens in extreme poor strata in Bangladesh.

Hope, we will be couraged in the curse of ill deeds of black

Thanks
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