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Banking on Change, Barclays global community investment programme, features today at the Clinton Global Initiative's 2010 Annual Meeting in New York.

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Banking on Change, Barclays global community investment programme, features today at the Clinton Global Initiative's 2010 Annual Meeting in New York.

The three-year initiative, which is organised in partnership with charities CARE and Plan, aims to address the issue of financial exclusion by creating groups in which members pool their savings to make small loans available to fellow members.

At the end of an agreed period, the savings accumulated and interest earned on loans are shared out among group members.

Banking on Change will be highlighted for its work in promoting access to basic financial services, including savings, loans and insurance, to disadvantaged communities across 11 countries in Africa, Asia and South America, including Ghana, Indonesia, Mozambique, Peru, Uganda and Vietnam.

Heads of state, government and business leaders, scholars and directors of non-governmental organisations have been invited to the event hosted by former US President Bill Clinton.

Some of the featured guests include President of Barclays and CEO of Corporate and Investment Banking, and Wealth Management Bob Diamond; cyclist Lance Armstrong; US Secretary of State Hillary Clinton; Microsoft co-founder and philanthropist Bill Gates; Haitian President René Préval; and President and CEO of CARE USA Helene Gayle.

They are expected to discuss global social issues and solutions to these challenges.

The Banking on Change partnership is delivering savings-led community finance projects and is part of Banking on Brighter Futures, Barclays flagship community investment programme which focuses on improving entrepreneurial and work skills and enhancing financial inclusion in marginalised communities worldwide.

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