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  • Nobel Peace Prize

    by Sunny
    13th October, 2006 at 1:55 pm    

    Bangladesh’s Muhammad Yunus and the Grameen Bank have been awarded the 2006 Nobel Peace Prize.

    Mr Yunus, an economist, founded the bank, which is one of the pioneers of micro-credit lending schemes for the poor in Bangladesh.

    The bank is renowned for lending money to the least well-off, especially women, so that they can launch their own businesses. [BBC News]

    Definitely well deserved. The Grameen bank is well known all over the world for helping women in Bangladesh empower themselves, pull themselves out of poverty and provide them with self-respect. I’m more surprised he did not win earlier.
    [hat tip: Mirax and Shoque in the comments]

                  Post to del.icio.us

    Filed in: Bangladesh,South Asia

    28 Comments below   |  

    Reactions: Twitter, blogs

    1. Shoque — on 13th October, 2006 at 2:00 pm  

      A hero of Bangladesh.

    2. Refresh — on 13th October, 2006 at 2:11 pm  

      Excellent work by Mr Yunus.

      The other one activity to look out for is the Edhi Foundation in Pakistan.

      I would not like to see another peace prize go to a politician.

    3. Geezer — on 13th October, 2006 at 2:24 pm  

      Well done brother Muhammad Yunus a credit to his nation and humanity. I hope inshallah the Muslim world produces more like him.

    4. Shoque — on 13th October, 2006 at 2:34 pm  

      I hope the entire world produces more like him, not just the Muslim world.

    5. Sahil — on 13th October, 2006 at 2:42 pm  

      As a fellow economist, I’m really chuffed. Look economists can do good :)

    6. Sid A — on 13th October, 2006 at 2:46 pm  

      Awwww. Makes me feel very very proud indeed.

      Note that the Grameen microcredit model has been implemented successfully in projects all over the world, helping/empowering millions of pverty stricken people, mostly women.

    7. Sunny — on 13th October, 2006 at 2:48 pm  

      As Shoque said, a hero of Bangladesh indeed.

      He can stand tall with another South Asian economist working on poverty - Amartya Sen. Although I think I slightly prefer Muhammed Younus since his work directly impacts women on the ground.
      Excellent news either way.

    8. AsifB — on 13th October, 2006 at 2:57 pm  

      And so say all of us. Practical, Pinoneering and Pragmatic , the developing world needs more institutions like Grameen.

      One question remains - why not the Nobel Prize for Economics?

    9. Refresh — on 13th October, 2006 at 3:00 pm  

      Peace Prize is much more preferable - as Nobel Cttee suggests the work of the Grameen Bank contributes to peace.

    10. Kismet Hardy — on 13th October, 2006 at 3:03 pm  

      I’m also a bangladeshi and I also deserve a prize

      (insert no-balls piss prize gag here)

    11. Kismet Hardy — on 13th October, 2006 at 3:11 pm  

      Hey, when I was in school in dhaka they used to say jagdish chandra basu invented the fact that plants had life and the radio, and we studied that dude that invented partex. Any knowledgable bengalis care to jog my addled memory?

    12. Leon — on 13th October, 2006 at 3:29 pm  

      Geoff Mulgan agrees: http://commentisfree.guardian.co.uk/geoff_mulgan/2006/10/celebrating_yunus.html

    13. Jav — on 13th October, 2006 at 3:38 pm  

      Too many Bengalis on this forum patting themselves on the back! May I say, I also deserve a Noble Prize for being a lazy bum and contributing nothing to society at large!

    14. Oli — on 13th October, 2006 at 4:01 pm  

      Anyone who helps people look after themselves is someone who should be applauded, we need people like him in our government, our current stance in the UK seems to be ‘help people live off the government for free’

      The efforts of this man to help people who want to work, and from that stance make the world a better place, hats off to this man!

    15. Amit — on 13th October, 2006 at 4:43 pm  

      Congratulations to the guy for doing some amazing work!

    16. Galloise Blonde — on 13th October, 2006 at 4:49 pm  

      I used to work for a credit union, in an area with a smallish Bangladeshi community. I asked a friend for advice on how to promote it within that community, particularly to mothers: she said, ‘Say it’s like the Grameen Bank. All women know and respect the Grameen Bank.’ And she was 100% right. Congratulations to Mr Yunus, it’s well deserved.

    17. mirax — on 13th October, 2006 at 5:09 pm  

      Power to Mr Yunus for coming up with a brilliant and compassionate way of helping the poor, esp women, get on with their lives with dignity and self-respect. Pity that it took the Nobel committee so long to recognise him.

    18. Halima — on 13th October, 2006 at 5:09 pm  

      Been smiling all day. Am feeling increadibly proud of knowing friends and colleagues who have worked in Bangladesh with Grameen, and elsewhere on micro-credit - hurray!

      Interesting, too, that development initiative gets Peace Award - a sign of our times on how ‘development’ is perceived in international relations.

      Shame about the bangladesh v West Indies cricket news today!

    19. Don — on 13th October, 2006 at 6:05 pm  

      A worthy laureate, far more so than many.

    20. Clairwil — on 13th October, 2006 at 6:13 pm  

      Long overdue but more than well deserved, for such a fantastic idea.

    21. Vikrant — on 13th October, 2006 at 7:07 pm  

      Brilliant idea, they are already talking of implementing it in West Bengal and Bihar.

      Any knowledgable bengalis care to jog my addled memory?

      Yeppie Kismet, Sir JC Bose did discover many things about plants and radio waves… err.. forgot what they were!

    22. mirax — on 13th October, 2006 at 7:21 pm  

      Sir JC Bose- only encountered mention of him in my Tamil comprehension passages in school rather than in my science classes and rather thought he was part of indian myth…

    23. ivan — on 13th October, 2006 at 7:25 pm  

      polska rediwatch do knowe were sunny and your leon live will see you soon

    24. Vikrant — on 13th October, 2006 at 7:29 pm  

      Sunny needs a plumber?

    25. ivan — on 13th October, 2006 at 8:03 pm  

      ha ha

    26. El Cid — on 14th October, 2006 at 11:19 am  

      Certainly well-deserved.
      A hero of Bangladesh and yes, why not, the moslem world. Positive role models that are deserved and highlight what each community brings to the table ought to be championed. We’re all winners at the end of the day.
      And it could be a 1-2 soon if Zaha Hadid wins the RIBA Stirling Prize for architecture (even better, she’s Arab, a women, and likes to engage with the rest of humanity by not wearing a ridiculous veil).
      Back to Mr. Yunus. Only a person on the poverty frontline could have come up with his microfinance/nanoeconomics — ingenious. However, before we get euphoric and take it as a given that it works, it would be good to get some hard facts over time on how his model is helping to improve peoples’ standards of living, etc.

    27. Habibur Rahman Nuri — on 15th October, 2006 at 5:43 am  

      I am Habibur Rahman Nuri. I work in rural activity in whole country. So I know the real condition of our rural area. Dr. Younus is only one who can do something in our rural people. So Congratulation Dr. Younus and hope all our city people to do something about our rural and poor people.

      Habibur Rahman Nuri

    28. Tusar — on 17th October, 2006 at 8:39 am  

      I have done a thesis on”Efficacy of Micro Credit for reaching the Hard core Poor”.In this aspect NGOs are really lacking.Only exception is GB.Still they need more projects for the hard core poor.


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