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Nobel Peace Prize Winner and Freedom from Hunger Present Research at Global Microcredit Summit

microfinancing nobel prize

Davis, CA, November 9, 2006 – Freedom from Hunger, a nonprofit, international development organization today announced that Nobel Peace Prize winner, Dr. Muhammad Yunus, and president of Freedom from Hunger, Dr. Christopher Dunford, will be participating together in a panel at the upcoming Global Microcredit Summit. The event is taking place in Halifax, Nova Scotia, November 12-15, 2006.

Dr. Dunford and Dr. Yunus will speak in a panel discussion that addresses the subject of Dr. Dunford’s paper commissioned by the Global Microcredit Summit entitled, “Microfinance’s Contribution to Achieving the Millennium Development Goals.” This panel will discuss the sustainable impact of microfinance on the very poor and the potential for microfinance to do even more if the Summit goal of serving 100 million of the world’s poorest families is reached. Panelists will have an opportunity to talk about the effect that microfinance has had in fulfilling the Millennium Development Goals established by

the United Nations. The eight Millennium Development Goals with a target date of 2015 include reducing the number of people living in extreme poverty, reducing child mortality, improving maternal health and combating the spread of HIV/AIDS, malaria and other diseases.

Panelist discussion will also focus on the value of directing microfinance services to the very poor when so much attention is being given to microfinance services that invite commercial capital and equity investments, which may well drive services away from the very poor. Joining Dr. Dunford and Dr. Yunus on the panel is Carmen Velasco, executive director of Pro Mujer, and Jonathan Morduch, a professor of public policy and economics at New York University.

The “Ensuring Impact Sustainably: Demonstrating Microfinance’s Contribution to Achieving the Millennium Development Goals” panel at the Global Microcredit Summit (Workshop Session #17) is taking place on Sunday, November 12 from 4:00 p.m. to 5:45 p.m. AST.

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