Hilton-Prize Of $1.5 Million Goes To BRAC

Bangladesh's BRAC, the largest aid and development organisation in the developing world, has won the 2008 Conrad N. Hilton Humanitarian Prize.

"BRAC's approach to creating sustainable programmes on a massive scale has blazed a trail for development organisations," Steven M. Hilton, president and chief executive officer of the Hilton Foundation, said in a statement.

Launched in Bangladesh in 1972, BRAC has disbursed $5 billion in micro-loans and helped nearly 4 million students complete primary school.

Via Reuters