Friday, October 13, 2006

A Nobel prize for poverty busters!

Thumbs up for the Nobel Committee for their choice of awarding the 2006 Nobel Peace Prize to the least expected groups. Awarding it to the Bangladeshi Muhammad Yunus and his Grameen Bank shows théir recognition to efforts in fighting poverty.

Poverty remains the root cause of the problems in the developing countries. At least countries can now see that micro-credit schemes are worth the sweat, for they can help pull poor communities out of their quagmire.

Again, it has gone to the third world countries, not the first world! Bravo, Muhammed!