Bhubaneswar, May 11
Nobel laureate and noted economist Muhammad Yunus today called for imagining a system that creates wealth for everybody in the world.
Yunus, who is the founder of Grameen Bank and known as the Father of Microfinance, said that 99 per cent of world’s population owns only one per cent of the wealth and said wealth for everyone can be created through imagination.
“In India the privileged one per cent is holding 73 per cent of wealth,” he said after being honoured with the 11th KISS Humanitarian Award 2018 at a function held here.
“You should imagine with the wildest imagination because only imagination brings change,” said the eminent Bangladeshi economist in his acceptance speech.
Prof Yunus is the second Nobel laureate to be conferred the award. Last year it was presented to the 14th Dalai Lama, a statement from KISS and KIIT said.
The award was presented by Saswati Bal, President of KIIT and KISS and Achyuta Samanta, its founder before a host of dignitaries.
Yunus said, “When Dr Samanta started KISS in the early 1990s, he didn’t have anything but only imagination and dream. KISS is a dream he turned into reality. KISS and Grameen Bank are products of wild imaginations that were pursued relentlessly.”
Yunus was co-awarded the Nobel Peace Prize in 2006 along with Grameen Bank – the microcredit organisation he created to provide loans to the poor in Bangladesh. His model of microcredit popularised by Grameen Bank has been successfully replicated in over 100 countries providing lifeline to millions of poor, mainly women, the statement said.
Samanta in his speech said the Yunus Centre is in the process of signing an MoU with KISS for promoting social business, he said.
KISS Humanitarian Award is an international award given to someone who has made exceptional contribution to the society in various fields relating to social issues and who has distinguished himself or herself as a true humanitarian, the release said.