`` Institutions like the Grameen Bank make a significant contribution to Bangladesh 's development and democracy , and Professor Yunus ' life-long work to reduce poverty and empower women through microloans has deservedly received world-wide attention and respect . '' He won the Nobel Peace Prize for pioneering microcredit reform . The government says he is past retirement age and must give up his post at the Bank . Some of his supporters say the government 's actions are politically motivated .
He won the Nobel Peace Prize for pioneering microcredit reform . The government says he is past retirement age and must give up his post at the Bank . Some of his supporters say the government 's actions are politically motivated .