Manila, April 1 -- Standard Chartered (the Group) announced Wednesday it is launching a USD50-million global fund providing assistance to those affected by the coronavirus disease 2019 (Covid-19) pandemic.
In a statement, the Group said it will immediately donate USD25 million to support emergency relief in its most affected markets.
The additional USD25 million will help communities over the medium-term to recover from the economic impact of the virus.
It will also match contributions made by its employees and other donors to meet the USD50-million target.
All the Group's board and management team members will be making personal contributions to the fund.
Through individual country and regional efforts, Standard Chartered has already ...