New types of financing solutions and partnerships are needed to meet 21st century challenges.

What's happening?

Significant investments in infrastructure and services from healthcare and education to clean energy are needed for global development and growth. However, public financing, business-as-usual private financing and philanthropy are not enough. Businesses, including Citi, are embracing their roles to advance development solutions because they promote progress and are good for business.

What Citi is doing

Citi has provided capital to governments, corporations and development organizations to support economic, social and environmental progress for more than 200 years. New financing solutions and partnerships are needed to meet today's challenges. Our relationships with private and public sector clients in more than 100 countries give us insights into what works to address governments' and citizens' needs in sustainable ways.

What's ahead?

To learn more about our commitment to financing solutions for global development challenges, download our 2015 Fact sheet.

What Citi is doing

Umati Empowers Agribusiness in Africa

Like many entrepreneurs, the founders of Umati Capital face obstacles reaching potential investors. In 2015, they received help from the Citi Mobile Challenge, a global initiative that invites developers to present ideas to Citi execs and tech influencers. At the Nairobi Challenge, Umati shared its award-winning fintech solution that enables farmers to receive swift, fair payment for crops, an innovation that could significantly impact rural Africa. Umati's small- and medium-sized enterprise (SME) lending platform bridges working capital gaps within agribusiness value chains. Seventy percent of Africa's population derives income from agricultural activities; access to formal financial services is crucial to this underserved segment. To learn more about this program, watch our video or read the story.

Loan Improves Energy Grid in Jamaica

In September 2015, Citi closed a $30 million, five-year term loan for Jamaica Public Service Company Limited (JPS), a power company serving approximately 603,000 residential, commercial, industrial and governmental customers, with support from the Overseas Private Investment Corporation (OPIC). The transaction will enable JPS to improve the electricity grid in Jamaica and give consumers access to reliable energy. The transaction supports U.S. Vice President Joe Biden's Caribbean Energy Security Initiative to promote a cleaner and more sustainable energy future in the Caribbean, announced in June 2014. For more details, click here.

On-lending Supports SME Growth in Republic of Georgia

Two-thirds of small- and medium-sized enterprises (SMEs) in the Republic of Georgia report access to finance as a barrier to growth. In 2015, Citi closed a US$40 million, five-year term loan for JSC Bank of Georgia, the country's largest private bank, with support from the Overseas Private Investment Corporation (OPIC). This transaction will accelerate the bank's SME portfolio growth and strengthen its client base. They intend to provide longer-term financing for business activities, thus enhancing access to a more stable source of funding. The project is expected to support many women-managed businesses and promote economic growth.

Citi Foundation Supports Innovative Investment Platform

In 2012, Dalberg Global Development Advisors (Dalberg) asked Citi to help convene development finance and banking experts to explore innovative financing structures in global development. Given the topic's importance, the Citi Foundation subsequently co-funded a report on Innovative Financing for Development with Agence Française de Développement. Published in 2014, the report identified the need to overcome the costs, time and difficulty to scale global development capital. In 2015, Dalberg, with Canadian government support, announced the creation of Convergence, the world's first deal sourcing platform that connects public and private investors to investors in emerging and frontier markets.

Financing Women Entrepreneurs in India

Women face significant barriers to financial access, particularly in the developing world. In India, Citi has a $10 million loan facility, partially guaranteed by the Overseas Private Investment Corporation, with Ujjivan Financial Services, a microfinance institution that provides microloans to India's female urban microentrepreneurs. This facility enables women entrepreneurs to get access to loans to grow their businesses, hire employees and promote economic progress for themselves, their families and their communities. As an example, Shubhangi Dhobale, an entrepreneur in the city of Pune, built a paper goods business with her husband and employs other women from their neighborhood. To learn, view our video online.

As a global bank, we have an important role in developing market-based solutions to address development challenges, including ways to leverage capital markets and scale innovative financing structures.


We provided over $412M in financing to 44 microfinance institutions in 25 countries and reached more than 1.2 million entrepreneurs, 92% of whom are women as part of our more than decade-long partnership with the U.S. Government's Overseas Private Investment Corporation.

Our progress

In 2015, we helped clients raise nearly $8 billion in green bonds to meet their environmental goals. This included the first green bond issuance by a Brazilian company as well as the first by a commercial state-owned bank.

For more details on Citi’s performance against our Citizenship Strategy, download our Citizenship Performance Summary.

For a list of awards and recognition Citi received in 2015 for our citizenship activity, click here.