Nobel for a NOBLE cause.

Just as Nobel commitee announced its decision to award M Yunus and his organization Grameen Bank, "for their effort to create economic and social development from below." the nobel peace award for the year 2006. The statement says it all.The significance of the award is just not the fact its the first Bangladeshi Economist to be rewarded with the most coveted award one can dream of. But acknowledge the fact that Nobel committee has recognised that lasting Peace cannot be acheived and sustained without completely eradicating and handling Poverty from the grass root level. With no background from economics I really cant judge the impact that his pioneering idea of microcredit , translated into action from his Grameen Bank that has given millions of bangladeshi poor people a hope for better survival.
But what is well known is the idea of microcredit the brain child of Yunus was an unknown concept 3 decades ago. But today its operating succesfully in more than 100 countries. Although Yunus concept of microcredit has won him many acclaims worldover. But by providing Nobel Award its a befitting award to an individual and his institution that has worked incessesantly day in day out at the grass root level trying to eradicate poverty not by giving charity but JUST by lending money to the poor. In comparision to last year prize that was awarded to IAEA for making every effort to use Nuclear energy for peacefull purpose. Or even the earlier awards that were awarded to certain individuals who during there tenure tried to diffuse tension between hostile nations.
Its clear that sustainable peace lies in that region where poverty has no place for itself. Every other effort to bring in peace in region without addressing the issue of poverty can never claim success for itself. Just a week ago there was an article in the BBC website that punters had listed out possible contestant for the peace awards. Many of them were diplomats involved in peace mission. Some were musicians who campaigned worldover to eradicate poverty. Others were human right campaigner. While one of them were religious leader. But By providing the award to an organization that work at root level in order to bring about sustainable peace by eradicating poverty. I feel the Nobel committee has made a right decision by awarding M Yunus and Grameen Bank this year Nobel Prize for peace.
More information about the working of grameen bank can be found at http://www.grameen-info.org/.