INTERNATIONAL January-March 2002 Citigroup spreads generosity around the globe ne company is helping JAI embracing JAI’s programs on four A good example of one keep the word “Interna- continents and in 37 countries. of these new programs that Otional” behind its name. The Foundation, funded by Citi- has garnered accolades From Argentina to Zimbabwe and group businesses that include from students and teachers from Tokyo to Toronto, the com- Citibank, CitiFinancial, Primerica, in numerous countries is pany is leaving a vast imprint on Salomon Smith Barney and Travel- Banks in Action (BIA). It the globe. In the wake of that ers, is approaching the US$2 mil- helps students understand for short and long terms imprint are literally millions of lion* mark in contributions to JAI. the basic elements of banking. • decide how much to spend on young people who now face a Citigroup’s funds permeate In BIA, students learn to: marketing to attract savers and better future. all facets of JAI - not only help- • attract deposits and loan them borrowers to the bank The company is Citigroup and ing sustain existing programs, to borrowers • decide how much to spend on its contributions are helping JAI but also starting new ones in • set interest rates on the funds continued on page 2 encircle the Earth with economic countries that desperately need education and hope for brighter the kind of help JAI gives with tomorrows. programs that fit specific com- The Citigroup Foundation is munity needs. *NOTE:Actual Foundation support since 1996 is $1.85 million Citigroup’s Worldwide Support Argentina Germany Panama Tanzania Belgium Greece Paraguay Tu r key Brazil Guatemala Philippines Ukraine Canada Hungary Poland United Chile Ireland Romania Kingdom Colombia Italy Russia United States Costa Rica Japan Slovakia Uruguay Cote d’Ivoire Kazahstan South Africa Venezuela Czech Republic Kenya Spain Ecuador Nigeria Sri Lanka Colegio Tecnico Profesional de Heredia team members were joined by supporters and JAI officials following awards ceremonies. Citigroup funds competition in Latin America n December 4, 2001, in Buenos 13 finalists were flown to Buenos Aires, Aires, Argentina, student teams compliments of Citibank-Argentina, to Ofrom 13 countries in Latin America compete in person. met to face-off in the final round of the Banks in Action (BIA) is a computer Banks in Action Regional competition.The simulation and learning and team building winners were: activities that allow students to assume First Place: Colegio Tecnico Profesional the role of managers to make company de Heredia, Costa Rica decisions in a competitive environment. Second Place: Instituto Tecnico Sale- The program was developed by the JA siano, Dominican Republic organization in Argentina and Harvard Third Place: Pontificia Universidad Associates of Massachusetts with funding Catolica, Brazil from Citibank-Argentina. The team winners, Colegio Tecnico Profe- Fourth Place: Colegio Secundario No. Guillermo Stanley, vice president of sional de Heredia from Costa Rica, put their heads together during the competi- 5060 el Bordo Provincia de Salta,Argentina Citibank-Argentina, along with volunteers tion. Left to right are Andrea Suárez The competition began 18 weeks prior and educational officers, was on hand to Fonseca, Fabián Alvarado Sandí, and with 2200 students from 510 schools.The present the awards to the BIA winners. Esteban Méndez Bravo. World Record A Brief Overview of Junior Achievement Around the World USA spent time showing the group Kenya of principals, vice principals and The Citigroup Foundation The Exxon- Mobil Founda- teachers how JA works and has given a $10,000 grant to how it enhances the curricula JA Kenya to expand the JA tion, the charita- ble arm of Exxon Mobil Corpo- of Canada’s schools.The visitors Company Program. In addi- also stopped by several schools tion to the cash donation, ration, announced a matching grant of $383,700 to partner in the Durham region to learn several Citigroup employees how they operate. Durham volunteer in JAK classrooms, able to reach 25,000 students with the John Templeton Founda- tion for the development and reported that the educators serve on committees and with our programs,” said were going to seek more infor- participate in fund raisers. Susan Waweru, executive launch of a Global Business Ethics curriculum. The new pro- mation on JA when they The company also gives JAK director for JAK. This is the returned to Japan. numerous in-kind donations second grant of $10,000 that gram will emphasize the impor- that include office furniture Citigroup Foundation has giv- tance of ethics and personal and computers.“There’s no en to the region. In 1999, the responsibilities in business. Once Hungary and doubt that the Citigroup Foundation gave $10,000 to implemented, the program will be enhanced with an annual Global Turkey Foundation is the force open JAK operations in The Levi behind our growth and being Nairobi. Business Ethics Competition. “Ethics is an integral part of Strauss Foun- business and we’re happy to be dation gave able to support this new cur- $30,500 to USA riculum that we think will make help increase The Alcoa Foundation awarded a huge impact helping students JA program- $50,000 to JA International to assist with understand the importance of ming in Hun- the initial launch of an annual Global ethics in a global economy,” said gary and Business Ethics Competition to comple- Ed Ahnert, president of the Turkey and ment the business ethics curriculum. ExxonMobil Foundation. Rene to aid the JA alumni of Central Dahan, executive vice president and Eastern Europe.The gift of Exxon Mobil Corporation was a renewal grant, to be used and a JAI board member, said through September 2002.“New ExxonMobil views ethics as a democracies in Eastern Europe “vital ingredient of business” need skilled, knowledgeable, and and he believes the company’s democratic leaders,” said gift “will complement JAI’s oth- Zoltan Valcsicsak, community er high quality business and affairs manager with Levi entrepreneurship courses.” Strauss Europe, Middle East and Africa.“Future leaders need to be educated to successfully lead Canada and Japan their communities. I am happy JA Durham in we’re able to sponsor JA pro- Ontario, Cana- grams and in that way we can da hosted 18 help equip young people to lead Thanks in part to a grant from the Woodruff Foundation, JAI offi- educators crucial economic and social cially opened its world headquarters office in Atlanta, Georgia (USA) from Japan for change in their countries.” with a ribbon cutting ceremony on January 11, 2002. Supporters of one week last JAI and JA Georgia were on hand to welcome the new partnership. fall. JA officials Citigroup spreads generosity continued from page 1 BIA to York and Toronto, Canada feature several hands-on activi- and as far south as Argentina. ties to make the topic more fun research and development to Romania, too, is using BIA. And in Latin America, Citigroup for students and teachers. lower the cost of operations Mr. Zdenek Turek, country cor- has sponsored a BIA regional In Spain, Citigroup helped One city using BIA is Kiev, porate officer for Citibank competition since 1998. In all, start “Learning to Take the Ini- Ukraine. Mr.Witold Zielinski, Romania SA, said hundreds of Citigroup has funded BIA in 24 tiative” to show 13-to-16-year- president and CEO of students there are learning countries to reach more than old students at risk of quitting Citibank Ukraine, called JAI an more about banking and the 100,000 students. school in Madrid how impor- “important partner” around free enterprise system.“Citi- In Japan, Citigroup invested tant education is. Francesco the world for Citigroup. group knows the good job that money that allowed JA Japan to Vanni d´Archirafi, chairman and “Financial education is one of JA does here and we have sup- strike up a new alliance with CEO of Citibank International the key priorities for the Bank ported their programs for the National Council on Eco- Plc., praised the program. and the Foundation, and Junior three years with both financial nomic Education, a U.S. based “This project is providing Achievement programs help contributions and volunteers,” organization that teaches edu- students with tools that will us deliver economic and finan- said Mr.Turek. cators how to teach econom- help them achieve their per- cial education to young peo- In the Americas, both North ics.The partnership will lead to sonal and professional goals,” a new economics book that will ple,” said Mr. Zielinski. and South, Citigroup has brought continued on page 3 Chairman’s Report upporting JAI today is not just a question of when, onic programs we have established over the past sev- Show or why. It’s also a question of where. eral years. JAI is a global enterprise and one of the key roles To accomplish that takes training, consultants, mate- we play is linking companies’ interests with opportuni- rials, etc. These all take support from businesses and ties in 112 countries around the world. individuals who know that such an investment in peo- Citigroup is a global operation that now actively ple and the community pays back multiple times over. supports JA programs in numerous countries. They Companies such as BP Amoco, ExxonMobil,Ameri- are a smart, generous, global company and recognize can Express, Barclay’s Bank, Bata Shoes, JP Morgan- that these commitments in free enterprise education Chase, Procter and Gamble, General Electric and NTT- Mark Suwyn and experiences are great investments that are impor- East join Citigroup in supporting the growth of JA pro- Chairman & CEO, tant everywhere. Read all about their efforts on the grams in multiple countries. Louisiana-Pacific front page and you can see how they think and act We at JAI are anxious to work with more global Corporation internationally.