Nobel Peace Prize Winner Meets Press ahead of Sunday's Awards

2006-12-10 13:18:50 CRIENGLISH.com

This year's Nobel peace prize winner has held a news conference in the Norwegian capital of Oslo before he is due to receive the internationally acclaimed award.

Muhammad Yunus, who is a Bangladeshi, will share the prize with the Grameen Bank he founded to help the poor by means of tiny loans.

"poverty is a threat to peace, so that is a message which needs to be carried forward to all the nations and all the people around the world. …"

Most of the 2006 Nobel Prizes will be presented at an award ceremony in Stockholm, Sweden, on Sunday but the Peace Prize will be presented in a separate ceremony in Norway.

Yunus is the founder and managing director of the Grameen Bank of Bangladesh, an organization that uses micro-credit loans to help people out of poverty.

The bank has made more than seven million loans worth an average of 130 US dollars each to help impoverished entrepreneurs, 90 percent of whom are women.

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