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Citi today announced that its Global Transaction Services business has joined the United Nations World Food Programme (WFP), the world’s largest humanitarian organization, to support WFP’s “Fill the Cup” campaign to fight child hunger. The business has marked its commitment with a donation of USD$50,000 to the campaign, and is inviting its clients to support the campaign as well.
The “Fill the Cup” campaign supports WFP’s school meal programmes where poor children receive a nutritious snack or lunch at school, giving them the food they need to grow and learn, and the chance to break out of the cycle of poverty and hunger. With Citi’s initial donation, WFP will provide 200,000 school meals, enough to feed 1,000 schoolchildren for a year.
“We are proud of our relationship with the World Food Programme,” said John Kohari, Citi’s Global Head of Wholesale Cards, within Global Transaction Services. “By supporting the Fill the Cup campaign, we have an opportunity to help nourish the future of many and to make a positive contribution to the communities we serve.”
“We are truly grateful for this generous support from Citi,” said Monica Marshall, Deputy Director, Global Head Public Private Partnerships at WFP. “Citi had supported WFP for many years, but this campaign will take the partnership to a new level – giving thousands of children a chance for a better future.”
Citi has been supporting WFP since the south Asia tsunami of 2004, with a particular focus on helping WFP strengthen its disaster preparedness work. In 2010, Citi became the first major bank in the U.S. to sign onto the United Nations Global Compact, a policy platform and framework for companies committed to sustainability and responsible business practices.
Citi Commercial Cards, is a unit of the Global Transaction Services business with issuance capabilities in over 90 countries and an extensive proprietary network in 59 countries. The business has long been considered a pre-eminent commercial cards provider to large and multi-national organizations both in the U.S. and globally. Nearly 500 multinational corporations use Citi’s commercial cards programs at the core of their expense management strategy, making Citi a premier commercial card issuer in terms of technology, innovation and volume.
Global Transaction Services, a business division of Citigroup’s Institutional Clients Group, offers integrated cash management, trade, and securities and fund services to multinational corporations, financial institutions and public sector organizations around the world. With a network that spans more than 100 countries, Citigroup’s Global Transaction Services supports over 65,000 clients. As of the first quarter of 2011, it held on average $355 billion in liability balances and $13 trillion in assets under custody.
Citi, the leading global financial services company, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Through Citicorp and Citi Holdings, Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. Additional information may be found at www.citigroup.com.
About the World Food Programme
WFP is the UN’s front-line food assistance agency and the world’s largest humanitarian organization, providing food to an average of 90 million people (including 58 million children) per year. Hunger is still the biggest health threat in the world, affecting nearly 1 billion people. Hunger kills more people every year than AIDS, malaria and tuberculosis combined. WFP fights hunger via emergency aid, recovery and rebuilding programs for post-emergency situations, and development projects aimed at helping poor countries strengthen their own ability to reduce chronic hunger. For more information, visit www.wfp.org.
About the World Food Programme’s “Fill the Cup” Campaign
“Fill the Cup” is a campaign to provide school meals to children in the developing world. WFP is the world’s largest provider of school meals, feeding about 20 million children in 60 countries every year. WFP provides simple meals of rice and beans or porridge to poor children as an incentive for them to attend school, and in order to give the nutrients and energy they need to learn, play and grow to become healthy and productive individuals. School meals are especially important as an incentive for girls to attend school. Meals are often served in plastic cups – thus the iconic red cup that has become the symbol of WFP’s fight against child hunger.