The Swedish Arts Council says it has named a Palestinian organization that promotes children's reading as the 2009 winner of the Astrid Lindgren Memorial Award for Literature. The annual award is the world's largest children's book award and includes a cash prize of 5 million kronor ($620,000). It is named after late Swedish writer Astrid Lindgren. The Palestinian Tamer Institute For Community Education was awarded for its work to promote reading in the West Bank and in Gaza. Tuesday's citation honored its "unusual breadth and versatility." Each year it organizes a national reading campaign, including discussions about literature, drama and writing activities. The prize will be handed out by Sweden's Crown Princess Victoria in a ceremony on June 2.