The microcredit Grameen Bank and its creator, Muhammad Yunus , are jointly awarded the Nobel Peace Prize "for their efforts to create economic and social development from below." Most people were expecting the founder to be nominated for the Economics Nobel prize but the Norwegian Nobel Institute decided to award him the Peace Prize for his attempt to destroy poverty, emphasizing women who have to "struggle against repressive social and economic conditions". In 2005, the Nobel Peace Prize was also awarded jointly to the International Atomic Energy Agency (IAEA) and Mohamed ElBaradei (محمد البرادعي) (Egypt).
The microcredit and its creator, , are jointly awarded the "for their efforts to create economic and social development from below." Most people were expecting the founder to be nominated for the Economics Nobel prize but the decided to award him the Peace Prize for his attempt to destroy poverty, emphasizing women who have to "struggle against repressive social and economic conditions". In 2005, the Nobel Peace Prize was also awarded jointly to the (IAEA) and Mohamed ElBaradei (محمد البرادعي) (Egypt).
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Grameen Bank
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Muhammad Yunus
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Nobel Peace Prize
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Norwegian Nobel Institute
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International Atomic Energy Agency