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Citi Commits US$1.5 Million to ISB to Promote Financial Inclusion |
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Written by News watch
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Friday, 23 May 2008 |
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Citi India announced a three-year program with the Hyderabad-based Indian School of Business (ISB) to study, develop and recommend measures that will promote financial inclusion and improve capital markets access for small investors and enterprises. Citi Foundation is committed to provide a $1.5 million grant to the Centre for Analytical Finance (CAF) at the ISB, over a period of 3 years. Under the aegis of this grant, CAF will undertake projects on a range of subjects in the financial domain. The objective of this program is to support changes that will have a positive impact on emerging financial markets and participants, including small investors, SMEs and micro entrepreneurs. CAF will formulate recommendations to support regulators, practitioners, academics, and other opinion leaders to implement financial development in the country. Using the grant support, CAF will organize several major projects, international conferences, workshops/lectures, and extensive dissemination of the project findings over the next three years.
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