Standard Chartered Donates $10 Million To Red Cross, UNICEF

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On Thursday, Standard Chartered Plc “the Group”  announced further details on how the Group will provide both short-term relief, and longer-term assistance, for communities across its 59 markets via the recently launched US$50m Covid-19 global charitable fund. 

The fund will operate in two distinct components. Under its Phase 1 covering immediate relief for communities by July 2020,  the Group will provide US$25m of funding for immediate relief from the impact of Covid-19, with all funding commitments made by July 2020.

For the Phase 2 which aims at supporting economic recovery and protecting livelihoods, the Group will provide US$25m of funding to protect employment and educational opportunities, aiding the long-term recovery of communities impacted by Covid-19.

Funding will begin in August 2020 with a target to deliver projects by the end of 2021. 

Part of the US$25m will be donated directly by Standard Chartered’s employees via a month-long giving campaign commencing on 27 April.

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