Speaking during the Santo Domingo Hub fair (15-18 March 2017) organized by the Santo Domingo Chamber of Commerce, Nobel Prize laureate Muhammad Yunus urged governments to create new banking legislation to foster entrepreneurship among the young and the poor.
“There are not enough jobs,” he said. Muhammad Yunus advocated that a fund be created so that youth can create their own businesses and not have to wait around to find a job.
Yunus won the 2006 Nobel Peace Prize for his pioneering work in microcredit and microfinance, and his efforts to create economic and social development from the grassroots. In Bangladesh, he founded the Grameen Bank that granted loans to entrepreneurs that were too poor to qualify for traditional bank loans.
