The Nobel Peace Prize was awarded to South African Navanethem Pillay

The Nobel Peace Prize has been awarded annually since 1901, and has only been awarded on nineteen occasions. The reason why it has not been awarded in those years is that the regulations of the Nobel Foundation stipulate the following: “If it turns out that none of the works under consideration are of the importance referred to in the first paragraph, the prize money shall be reserved until the following year. If the prize cannot be awarded even at that time, the amount shall be added to the fund allocated to the Foundation.”