United Nations and Western Union Announce First Corporate Donation to Central Emergency Response Fund
The Western Union Company (NYSE: WU), through its global
foundation, The Western Union Foundation, today announced that it has
become the first corporate donor to the United Nation´s Central
Emergency Response Fund (CERF). Managed by the United Nations Office
for the Coordination of Humanitarian Affairs (OCHA) on behalf of the
United Nations Secretary-General, the CERF seeks to provide quick
initial funding for life-saving assistance and rapid response in
sudden onset, rapidly deteriorating, and underfunded humanitarian
emergencies and natural disasters around the globe. A 2006 resolution
of the General Assembly specifies that the CERF should ultimately
reach $500 million per year, of which $50 million is a revolving loan
fund. The announcement of the Western Union Foundation´s $100,000 gift
was made today at the United Nation´s New York headquarters at the
CERF annual high-level meeting.
"The United Nations is delighted at this first-ever corporate
donation to the Fund by the Western Union Foundation," said John
Holmes, United Nations Under-Secretary-General for Humanitarian
Affairs and Emergency Relief Coordinator. "Reaching an annual goal of
$450 million for this Fund -- which is from everyone, and for everyone
- requires the participation of many donors year after year. We hope
that other corporations follow from this lead."
As a global leader in cross-border remittances, Western Union has
long understood the critical and immediate need for financial support
in times of crisis or natural disaster. Through its corporate
Foundation, Western Union has supported more than 50 disaster relief
operations since 2001. Western Union´s consumers regularly provide aid
to friends and loved ones around the world for vital necessities such
as food, clothing and shelter - often providing a much-needed
supplement to the relief efforts of government and humanitarian
organizations.
"The Western Union Foundation is dedicated to creating economic
opportunity for people around the world," said Luella Chavez D´Angelo,
president, The Western Union Foundation. "But when a disaster strikes,
we know that all thoughts for the future must be put aside until basic
human needs can be met. Through our work with CERF, we hope to help
speed the recovery of those affected - helping them to put their lives
back together as quickly as possible so that they can once again focus
on building a better life for themselves, their families and their
communities."
About the Western Union Foundation
Founded in 2000, the Western Union Foundation facilitates
charitable giving programs worldwide. Since 2001, the Western Union
Foundation, in collaboration with Western Union Agents and employees,
has granted nearly $40 million to more than 1,500 non-governmental
organizations (NGOs) in 70 countries around the globe to support
humanitarian projects. In addition, the Foundation has supported more
than 50 disaster-relief operations and has funded education and human
services programs.
In 2007 the Foundation announced the creation of the Our World,
Our Family signature program, with a goal of creating economic
opportunity around the world. The program will assist individuals and
families as they strive to overcome obstacles, rise above limitations
and lay the groundwork for a brighter future.
About Western Union
The Western Union Company (NYSE: WU), together with its affiliates
Orlandi Valuta and Vigo, is a leading provider of global
money-transfer services, providing people with fast, reliable and
convenient ways to send money around the world, pay bills and purchase
money orders through a network of more than 320,000 Agent locations in
over 200 countries and territories. For more information, visit
www.WesternUnion.com.
About the United Nations Office for the Coordination of
Humanitarian Affairs (OCHA)
OCHA is the United Nation´s department for the coordination of
humanitarian response, policy development and humanitarian advocacy in
complex emergencies and disasters.
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