Pictured l to r, are: Ms. Linda Rimer and Ms. Sharon Brown

Recognizing the need to provide resources and opportunities for the youth of the region, FirstCaribbean International Bank has signed a four-year Memorandum of Understanding (MOU) with Junior Achievement (JA) Worldwide to the tune of US$204,000.

This is music to the ears of JA Worldwide, an institution that has provided solid business and economic education programmes to youth since 1919, as part of its overarching mission to inspire and prepare young people to succeed in the global economy.

Making the presentation at a luncheon in Miami, FirstCaribbean Bahamas? Managing Director, Ms. Sharon Brown said, ?We are pleased to make this donation to JA and are proud of our association, we recognize with changes in the global economy, young people in the Caribbean, [will find it tough in the world of employment or entrepreneurship].?

The four-year MOU, will see collaboration between FirstCaribbean and JA Worldwide as both parties work toward realizing their commitment to building a sustained partnership in support of regional development.

Ms. Linda Rimer, Ph.D., Senior Vice President Asia/Pacific and Americas Region for JA Worldwide accepted the cheque on the organization?s behalf, said, ?These funds will go a long way toward enhancing what [JA does] around the region and in The Bahamas.?

Committed to collaboration, both parties have agreed a mechanism will be established where FirstCaribbean employees/senior managers will be placed on JA boards in countries where both institutions exist to help with fundraising efforts and to provide direct support and service to JA in areas of board development. In addition, FirstCaribbean has committed to inviting JA professionals to conduct special in-house lectures and/or workshops for staff to help build a culture of volunteerism.

The MOU runs from 2008 to 2011 and will provide financial assistance to 12 countries in the region, namely, Antigua, The Bahamas, Belize, British Virgin Islands, Cayman Islands, Grenada, Netherland Antilles, St. Lucia, St. Vincent and the Grenadines and Trinidad and Tobago.

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