Barclays has announced a $20 million community investment partnership with CARE International, Plan International and Accenture designed to tackle financial exclusion and help 800,000 people in developing countries.
The partnership was announced by Former President Bill Clinton at the Clinton Global Initiative (CGI) Annual Meeting in New York yesterday.
The programme will improve access to community-based financial services, such as village savings and loans associations.
The programme will deliver projects in ten countries in Africa, Asia and Latin America, and the funding will be spread over there years.
The CGI Annual Meeting opened in New York this week and is being attended by more than 130 leading CEOs and over 50 current or former Heads of State.
The funding programme addresses one of the main agenda items being discussed at meeting, namely ‘Strengthening Livelihoods through Financial Services for the Poor’.
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