The prize, worth nine million Swedish crowns, or around $900,000, will be presented in Oslo on Dec 10. "Ethiopian Prime Minister Abiy Ahmed Ali has been awarded this year's Nobel Peace Prize for his efforts to achieve peace and international cooperation, and in particular for his decisive initiative to resolve the border conflict with neighbouring Eritrea," the Norwegian Nobel Committee said in its citation. "The prize is also meant to recognise all the stakeholders working for peace and reconciliation in Ethiopia and in the East and Northeast African regions," it added. From partial liberalisation of the state-controlled economy to overhauling the security forces that have helped the ruling coalition maintain a tight grip on power since 1991, the promises have raised hopes in the country and abroad. The Nobel Peace Prize will be presented in Oslo on Dec 10, the anniversary of the death of Swedish industrialist Alfred Nobel, who founded the awards in his 1895 will.

Source: bd News24 October 11, 2019 09:00 UTC