XM, the Cyprus-based Forex broker, has shown numerous times that it looks above and beyond the limits of what is traditionally considered as business. You may remember the charitable initiative A Hug for Kids, which the broker supported in September 2013. Now XM continues with its corporate social responsibility efforts by supporting the United Nations Children’s Fund (UNICEF). The company has become an official UNICEF Champion for Children: this means that each month the broker is setting aside a certain amount of money and donating them for UNICEF's programs.
UNICEF, as you probably know, has since its establishment in 1946 tried to deliver humanitarian and developmental aid to children and mothers in the developing world and areas affected by natural disasters and military conflicts.
More particularly, the bulk of XM's donations is aimed at helping the vulnerable children in the Philippines. Perhaps you recall that the country was hit by the devastating typhoon Haiyan (or Yolanda, as it is locally known) in November 2013. The typhoon afflicted the massive count of 14 million people, with 6 million of these being children. What UNICEF is trying to do is to deliver not only essential items like nutritional supplements and kits for purifying water. It's also helping kids in stricken areas get back to class although in tents instead of solid classrooms – children get some basic learning kits and recreational stuff. After all, this is what development is mostly about.
The contribution by businesses like XM is vital for the activities of UNICEF as only two thirds of the fund's budget comes from national governments, while the rest is up to private donors.
On a more personal note, I'd like to add that the job of UNICEF and the other global humanitarian groups is far from being sufficient to end poverty and misery. As far as I know, there are a number of homeless, starving people living right outside of the United Nations' headquarters in Paris. The site of these poor people trying to warm up next to the heating pipes outside of the building where global peacemakers gather is rather striking. The point here is that plenty of effort is needed to help those in need. XM has made an important step in this direction.
To get to know more about the UNICEF's relief program in the Philippines, check this page.
XM.COM is a registered brand name of Trading Point of Financial Instruments Ltd, a European regulated financial institution licensed by CySEC. Trading Point of Financial Instruments Ltd operates online services for trading on forex, precious metals, equity indices, and energies in compliance with the Markets in Financial Instruments Directive (MiFID). Trading Point is EEA authorized and registered with the FCA UK (previously FSA UK), BaFin (Germany), AFM (Netherlands), CNMV (Spain), FI (Sweden), and FIN (Finland). Recently the broker obtained a license with Australian regulator ASIC.