Citi supports Moroccan educational programs

Grant will enhance the economic opportunities available to students, while helping them develop entrepreneurial skills

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The Citi Foundation has given a $40,000 grant to support a range of educational programs in Morocco managed by INJAZ Al Maghrib, an NGO and member of Junior Achievement Worldwide, the world's largest organization dedicated to educating young people about business and economics.

The programs include 'Entrepreneurship Masterclass', 'Success Skills' and 'Banks in Action'.

More than 2,450 high school students will participate in the Entrepreneurship Masterclass this year. The seminar aims to enhance the economic opportunities available to students, while helping them develop entrepreneurial skills and understand the practicalities involved in starting a business.

'Success Skills' will offer inspirational practical tuition to around 500 high school students through a series of eight 90-minute sessions with Citi Morocco volunteers. The focus is on providing work-readiness education and career perspectives.

Through 'Banks in Action', now in its fourth year, 600 students will learn the fundamentals of banking from Citi Morocco volunteers and other experts over eight two-hour sessions. The program includes virtual simulations where students assume the role of banker and make strategic decisions.

The programs have already proven highly effective in 120 countries where Junior Achievement Worldwide is present, with 30% of enrolled students going on to start their own business by the age of 25.

INJAZ Al Maghrib intends to train 8,900 students in total this year and will be opening a new office in Tangiers.

"We have a very aggressive plan with 100,000 students in total who will have completed the program by 2015," said INJAZ Al Maghrib Chairman Abbad Andaloussi. "INJAZ Al Maghrib is proud to partner with Citi Foundation and Citi, and is grateful to all volunteers and partner institutions which have supported the development of its activities in Morocco."

Citi has contributed a total of $175,000 to INJAZ Al Maghrib since 2007.