Muhammad Yunus conferred ‘Lamp of Peace of Saint Francis’ Award

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Nobel Laureate Professor Muhammad Yunus from Bangladesh was conferred the ‘Lamp of Peace of Saint Francis’ award by the Vatican. He has been awarded for his contribution towards establishing peace and harmony. The award is a recognition for distinguished work by an individual for promoting peace and dialogue among people.

  • The ceremony took place at the historical Papal Basilica of Assisi in Italy on Tuesday. In his acceptance speech Professor Yunus said that extreme concentration of wealth, environmental degradation and rise of artificial intelligence threaten the existence of mankind.
  • The Lamp of Peace award was first given to the Polish trade union leader Lech Walesa in  1981. Dalai Lama, Mikhail Gorbachev and Angela Merkel are a few other prominent persons who received this award earlier.
  • Muhammad Yunus is a Bangladeshi social entrepreneur, banker, economist, and civil society leader who was awarded the Nobel Peace Prize for founding the Grameen Bank and pioneering the concepts of microcredit and microfinance. These loans are given to entrepreneurs too poor to qualify for traditional bank loans.