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December 13, 2006

Nobel Peace Prize - microcredit loans to the poor

nobelprize.jpg

Bangladeshi economist Muhammad Yunus accepted the Nobel Peace Prize on Sunday for his pioneering program of giving microcredit loans to the poor. Yunus is the first Nobel winner from Bangladesh. The prize committee said the award also was intended to build bridges between the West and Islamic countries. We plan excerpt of his acceptance speech in Oslo. [includes rush transcript] via democracynow!

Posted by cat at 06:59 PM