Dr. Muhammad Yunus of Bangladesh, dubbed the “Banker to the Poor,’’ was named the winner of the 2006 Seoul Peace Prize on Wednesday for his relentless efforts to fight poverty in his home country.
“His tireless endeavor to root out poverty and create a new model of giving credit to the poor will bear fruit in terms of greater peace in the world,’’ the Seoul Prize Cultural Foundation said in a press conference at the Seoul Press Center.
The annual prize of $200,000 honors the peace activities of politicians, academics, civic activists and international organizations.
The award ceremony will be held in Seoul on Oct. 19.
Zahurul Alam has more on the story.