Bangladeshi Muhammad Yunus and the Grameen Bank have won the 2006 Nobel Peace Prize, it was announced in Oslo, Norway, today.
The pair, who will share the prize, were cited for their efforts to create economic and social development from below in their home country by using innovative economic programmes such as microcredit lending.
Last ten Nobel Peace Prize Winners
:: 2006: Muhammad Yunus and Grameen Bank, Bangladesh;
:: 2005: Mohamed ElBaradei, Egypt, and the International Atomic Energy Agency;
:: 2004: Wangari Maathai, Kenya;
:: 2003: Shirin Ebadi, Iran;
:: 2002: Jimmy Carter, United States;
:: 2001: UN Secretary-General Kofi Annan;
:: 2000: Kim Dae-jung, South Korea;
:: 1999: Medecins Sans Frontieres (Doctors Without Borders);
:: 1998: David Trimble and John Hume, Northern Ireland;
:: 1997: Jody Williams and the International Campaign to Ban Landmines, United States.