“I’m very glad that the main peace prize was awarded for the development of a practical evidence-based fight against poverty,” Kudrin wrote on Twitter.
The prize was awarded to economists Abhijit Banerjee, Esther Duflo and Michael Kremer.
As the Nobel Committee announced, they will receive it "for an experimental approach to reducing global poverty."
Igor Bogdanov, Head of the Laboratory of Sociology of Economics at the Institute for Social and Political Studies of the Russian Academy of Sciences, Professor, Doctor of Economics, commented on this study in an interview with Nation News.