Tokyo Olympics: Bangladesh Nobel Laureate Muhammad Yunus To Receive Olympic Laurel

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  • Bangladeshi Nobel Peace Prize winner Muhammad Yunus will receive the Olympic Laurel at the Tokyo Games, the second time the trophy has been awarded, the IOC said Thursday.
  • Bangladeshi Nobel Peace Prize winner Muhammad Yunus will receive the Olympic Laurel at the Tokyo Games, the second time the trophy has been awarded, the IOC said Thursday.
  • Yunus, whose pioneering micro-lender has been hailed for cutting poverty across the globe, will be honoured for “his extensive work in sport for development”, the International Olympic Committee said in a statement. The 81-year-old economist turned globe-trotting celebrity speaker won the Nobel in 2006.
  • He will be given the award at the Tokyo 2020 opening ceremony on July 23.
  • The Olympic Laurel was created five years ago to recognise endeavours in culture, education, peace and development through sport, according to the IOC.
  • It was given for the first time at the 2016 Rio Games to Kenyan former Olympian Kip Keino, who opened a children’s home, a school and an athletes’ training centre in his home country.
  • Yunus founded the Grameen Bank in the 1980s and shared the Nobel Prize with the micro-lender.
  • His initiatives include the Yunus Sports Hub, a network of social enterprises that promote development through sports.
  • Yunus has faced legal troubles in recent years, after he was sacked in 2011 as head of Grameen Bank.
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  • His supporters say he has been targeted by Bangladesh’s Prime Minister Sheikh Hasina, who accused him of “sucking blood” from the poor with high interest rates.
  • In March 2020, he was fined $88 after admitting that a social business firm he set up had broken labour laws.
  • Source :  sports.ndtv.com

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