Committed to PEOPLE'S RIGHT TO KNOW
Vol. 5 Num 654 Fri. March 31, 2006  
   
Business


Financial Education Project for the Poor
Citigroup donates $3.9m
Citigroup has announced a US$3.9 million grant to educate millions of poor people around the world about important financial concepts, says a press release.

The curriculum for this ambitious project was introduced publicly for the first time in conjunction with one of the largest international microfinance event -- "Asia Microfinance Forum", held in Beijing, China from March 21-24.

Funded by the Citigroup Foundation, the Financial Education for the Poor project is designed and managed by international non-profit groups aimed to rapidly advance financial education for the poor in many countries.

"Citigroup is committed to building a more inclusive financial sector by helping to bring together government, business and community stakeholders," said Robert Morse, CEO, Corporate & Investment Banking, Citigroup Asia Pacific.

Fakhruddin Ahmed, managing director of Palli Karma Shahayak Foundation, attending as a special guest of Citigroup said, "This is a good platform for sharing experiences on partnerships and innovations. Jointly we can all work towards increasing the impact of microfinance in Asia."

Picture
Robert Morse, CEO, Corporate & Investment Banking, Citigroup Asia Pacific, announces the US$3.9 million grant to Financial Education for the Poor project at the opening of Asia Microfinance Forum in Beijing, China. Photo: Citigroup