Grameen Bank Current Affairs - 2020

Prof Muhammad Yunus conferred Lamp of Peace of Saint Francis  award by Vatican

Vatican awarded Bangladesh’s Nobel Laureate Prof Muhammad Yunus prestigious ‘Lamp of Peace of Saint Francis ‘ award for his contribution towards establishing peace and harmony.

Prof Muhammad Yunus

He is Bangladeshi social entrepreneur, banker, economist, and civil society leader. He was awarded the Nobel Peace Prize (2008) for founding Grameen Bank and pioneering concepts of microcredit and microfinance.

About Lamp of Peace of Saint Francis Award

It aims to honour those who work towards promoting peace and harmony. It was first presented by Vatican in 1981 to Polish trade union leader Lech Walesa. Some of its recipients include Pope John Paull II, Dalai Lama, Mother Teresa and former Russian leader Mikhail Gorbachev. Its last two winners were Angela Merkel and King Abdullah II of Jordan.