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    STOCKHOLM, Oct. 13 (Xinhua) -- Bangladeshi Muhammad Yunus and his bank, the Grameen Bank, won the Nobel Peace Prize on Friday for creating microcredit system that has helped millions of poor people in his homeland.

    News reaching here from Oslo, the capital of Norway, cited the Nobel Committee as saying that the economist and his bank helped "create economic and social development from below" in Bangladesh.

    "Lasting peace cannot be achieved unless large population groups find ways in which to break out of poverty. Micro-credit isone such means," said the Nobel Committee. Full Story

    Profile: 2006 Nobel Peace Prize winner Muhammad Yunus

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