Prime Minister Khaleda Zia has profusely congratulated Professor Dr Mohammad Yunus and his Grameen Bank on winning the Nobel Peace Prize.

"This is a much awaited prize," she said in a message Friday.

Khaleda said micro-credit conception is a basic innovation of Prof. Yunus, which has made tremendous success in alleviating poverty in Bangladesh and elsewhere.

The Prime Minister said this prize is not only a great honor for Prof. Yunus himself, but also a pride for Bangladesh.

Dr. Muhammad Yunus and the Grameen Bank have been awarded the 2006 Nobel Peace Prize for pioneering work against poverty.

Dr Yunus founded the Grameen bank, which is the pioneer of micro-credit lending schemes for the poor in Bangladesh.

Source: Xinhua