CIBC First Caribbean has pledged to support and develop Caribbean children and youth around the region.
The bank has signed a Memorandum of Understanding with the Young Men’s Christian Association (YMCA) to provide a grant of USD $150,000 over a three-year period from 2018 to 2020.
It’s part of the effort to help the YMCA ensure that more children and youth have access to quality after-school programming and care.
Young people in six YMCA chapters across the region will also benefit from scholarships, training opportunities for staff, sharing of promising practices, resources, tools and overall programme enhancement.
Chief Executive Officer of the CIBC First Caribbean Bank Gary Browne outlined that the grant is part of the bank’s targets.
“Across the region, we have given over 20 million US dollars to various important charities across our communities. For us, this particular opportunity fits squarely within one of our three objectives. Our principal objective is health and wellness, community and environment and also youth and education which fit very well with what we are doing here. [The YMCA] is [engaged in] a very important initiative and we are very pleased to be a part of it,” Browne said.
YMCA Barbados President Emerald Holder expressed that he was extremely pleased with the donation.
“Today, the YMCA has added another dimension to its programmes – rehabilitation of our youth through intervention and guidance through referrals from the probation office for first-time offenders doing community services.
“The YMCA’s rich heritage of existence is challenged today by the global economic downturn, which has resulted in a lack of sponsorship for youth programming and development. Therefore, I am particularly pleased to welcome this partnership in our youth development programming in Barbados and throughout the Caribbean,” he said.