Face value: Macro credit

摘要

For many of the supporters of Muhammad Yunus and the institution he created, the Grameen Bank of Bangladesh, the announcement that the two will share a Nobel peace prize is long overdue-the only surprise is that it was so long in coming. Grameen's website lists 60 awards, 27 honorary degrees, and 15 other "special honours" previously received by Mr Yunus directly, and seven received by Grameen. The selection committee said the prize was for developing what "had appeared to be an impossible idea", namely loans to people who lack collateral.