U.S. Secretary of State Condoleezza Rice has extended her warmest wishes to the 2006 Nobel Peace Prize winners, Bangladeshi economist Muhammad Yunus and the Grameen Bank he founded.
In a statement on Friday, the top US diplomat said Dr. Yunus and his bank have done extraordinary work in promoting micro-credit lending in South Asia.
Secretary Rice said that by extending more than six-point-six million small loans to individuals from the least privileged segments of South Asian society, Yunus has empowered millions to improve their lives.
The top U.S. diplomat also congratulated the Nobel Peace Prize Committee on an excellent choice for this year's laureate.
The committee said Yunus has developed micro-credit into an important instrument in the struggle against poverty across cultures and civilizations, particularly in helping poor women to advance their lives.