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NOBLE PEACE PRIZE AWARDED TO ANTI-POVERTY PIONEER
Bangladesh’s Muhammad Yunus and his 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. Yunus, 65, is the first Noble Prize winner from Bangladesh, a poverty-stricken nation of about 141 million people.
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