To the Point
Bangladeshi Economist Wins Nobel Peace Prize
Muhammad Yunus and his Grameen Bank have brought this year's Nobel Peace Prize to Bangladesh. The economist has leveraged tiny loans for as little as $50 dollars to lift millions of people out of poverty.
By Warren Olney • • 1 min readMuhammad Yunus and his Grameen Bank have brought this year's Nobel Peace Prize to Bangladesh. The economist has leveraged tiny loans for as little as $50 dollars to lift millions of people out of poverty. The Nobel Committee said his invention of micro-credit is helping the world move toward the "lasting peace [which] cannot be achieved unless large population groups find ways to break out of poverty."
