The Royal Bank of Canada (RBC) announced on Tuesday, 14th April a donation for non-profit organizations in the Cayman Islands that are supporting food security for at-risk families and those in need during the ongoing novel coronavirus pandemic.
The donation comes in the wake of a larger program in which the banks is assisting nonprofits across the Caribbean region.
Included in the recipients of the USD $330,000 are Red Cross societies across the Caribbean; Hands for Hunger in The Bahamas; Cayman Feed our Future and the Cayman Food Bank.
All funds will be used to support food security initiatives, according to those involved with the initiative.
“COVID-19 has had an impact on every country and territory where RBC operates in the Caribbean,” said Rob Johnston, Head of Caribbean Banking, Royal Bank of Canada.
“Across the region, we are seeing how NGOs and other organizations are stepping up to provide for those in need during these uncertain times. We are proud to stand with these groups and to help support them in their vital work,” he added.
Mr. Johnston encouraged organizations and citizens throughout the Caribbean and gave and reminded persons of the importance of working together at this time.
“We are all in this together and we all must do our part,” said Johnston.
Mr. Johnston explained that COVID-19 and the response to it is an evolving situation, which requires a coordinated and sustained approach.
“Globally, RBC is actively working with our community partners, subject matter experts, and the public and private sectors to understand and determine where the greatest community needs are and how to continue delivering the right support where it is needed most,” he noted.
Other institutions to lend a helping hand in the Cayman Islands include First Caribbean Bank, which recently donated CI$25,000 Government to assist with supplies.
A slew of measures have been taken by many of the banks in the Cayman Islands, including mortgage holidays.
RBC has also recently made a global commitment of more than CAD $2 million to fight COVID-19 around the world, through various partners such as the World Health Organization’s COVID-19 Solidarity Response Fund, Feeding America, and Food Banks Canada.