In conjunction with the Ministry of Planning and International Cooperation
Amman - His Excellency Dr. Bassem Awadallah, the Minister of Planning and International Cooperation, and Mrs. Suhair Al-Ali, Citigroup Country Officer, Jordan, today inaugurated the pioneering "Capital Markets and Project Finance" training seminar, a six-day intensive workshop on the latest corporate finance techniques. The training program will be attended by 27 high-level officials from Jordanian ministries and governmental institutions.
The workshop, supported by a grant from the Citigroup Foundation and conducted by Citigroup employees, is designed to provide participants with the necessary financial skills to address complex financial models presented by local and international partners and to familiarize them with funding techniques for large projects. The curriculum includes a comprehensive overview of fixed income tools, pricing and hedging techniques, project finance structures and detailed case studies relevant to the Jordanian market.
His Excellency Dr. Awadallah, said, "We are pleased to see this initiative by Citigroup which complements our efforts to enhance the qualification level and skills of the Jordanian institutions. It reaffirms Citigroup's commitment to participate in the development of the Jordanian financial market and in grooming the country's talent in order to better manage capital inflows and maximize economic value of direct foreign investments. As the Kingdom's economy leaps forward, these sophisticated financial skills will become crucial in negotiating and designing efficient financial structures."
Suhair Al-Ali said: "Citigroup is committed to supporting financial education in countries around the world. We believe that strong financial education programs raise the quality of life for individuals, families and institutions and strengthen communities. Our commitment to the Jordanian financial markets includes the delivery of world-class banking solutions and financial education training for local non-government organizations and select private and public sector entities.""
Citigroup has been present in Jordan since 1974 and is a leading provider of treasury products. In its 30-year presence in the Kingdom, the bank has evolved into an active corporate citizen with a particular interest in supporting financial and higher education, microfinance and other humanitarian needs of the country.
Recently, Citigroup and the Citigroup Foundation announced a 10-year, $200 million global financial education commitment, the formation of a new Office of Financial Education and a global initiative designed to encourage its 275,000 employees around the world to devote time to support financial education and other charitable causes. Under the new initiative, employees may take a day off from work to volunteer for non-profit organizations in their communities.
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Notes to the Editors:
Based on the belief that knowledge is your greatest asset, the Citigroup Financial Education Program is a global, company-wide effort working jointly with the Citigroup Foundation to identify, support and implement initiatives that help give individuals, families and institutions the tools needed to make sound financial decisions. Citigroup's 10-year, $200 million global commitment is focused in three areas: Personal Financial Education, Small Business Financial Education, and Institutional Financial Education. Additional information about Citigroup's Financial Education Program, including Foundation guidelines, links and resources, the Citigroup Financial Education Program Curriculum and Facilitator's Guide, may be found at: financialeducation.citigroup.com.
Citigroup (NYSE: C), the preeminent global financial services company has some 200 million customer accounts and does business in more than 100 countries, providing consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, insurance, securities brokerage, and asset management. Major brand names under Citigroup's trademark red umbrella include Citibank, CitiFinancial, Primerica, Smith Barney, Banamex, and Travelers Life and Annuity. Additional information may be found at www.citigroup.com.
For further details, please contact:
Jumana Madanat
Public Affairs Officer
Citigroup
Phone: ++962 6 567 5100
Email: jumana.madanat@citigroup.com
Karim Seifeddine
Public Affairs
Citigroup
Tel: ++971 4 311 4392
Email: karim.seifeddine@citigroup.com
© Press Release 2004
