With start-up capital of €25 million, Rabobank recently launched its Rabobank Development Program to improve rural banking in 15 developing countries. During a presentation coinciding with the recent Annual Meetings of the International Monetary Fund and World Bank in Washington, Chairman Bert Heemskerk said, The launch of the Rabobank Development Program is a new challenge. More than four billion people around the world do not have access to institutional financial services. As a socially responsible and involved co-operative bank, Rabobank regards it as a key mission to combat this deprivation and to encourage development of rural economies in developing countries.' New program launched The start-up capital is available for equity participation in financial institutions and for guarantees. With this Program, Rabobank will capitalize on the experience it already has in the developing world through the activities of the Rabobank Foundation and Rabo International Advisory Services. In addition, experienced staff will be made available to help the rural banks on the spot. Rabobank

Rabobank Bronnenarchief

blad 'RI The Word / The Word' (EN) | 2004 | | pagina 36