In 2007, Citigroup Corporate and Investment Banking and WFP announced the launch of the WFP Emergency Network, a ground-breaking partnership between the private sector and WFP. The Network enables companies to deliver pre-planned contributions – such as trucks, telecommunications equipment, food, and other needed items – to augment WFP’s disaster response ahead of time.
Citigroup also announced that its Foundation would grant WFP $3.2 million over two years to increase the agency’s capability to assess food security in crisis-prone countries ahead of disaster, a critical priority for WFP.
Companies that donate in advance will not only contribute to WFP’s first response to disasters, but the use of their donations will be tracked, tax-deductible when appropriate, and communicated to recipients. Citigroup and WFP are in discussions with a number of companies about joining the WFP Emergency Network.