The Pegasus Prize for Literature is a literary prize established by Mobil (now ExxonMobil) in 1977 to honor works from countries whose literature is rarely translated into English.[1] The prize includes a monetary award, a medal depicting Pegasus, and translation into English and subsequent publication of the work by Louisiana State University Press.[2]
The country is first recommended by a committee and then an independent selection committee in the chosen nation determines the winner.[3] Representatives to the country selection committee have included Mona Simpson, Alan Cheuse, and William Jay Smith.