PIMCO funds foodbanks

The PIMCO Foundation, the philanthropic arm of fixed income investment managers PIMCO, has awarded $2m to The Global FoodBanking Network (GFN).

PIMCO’s donation will support 70,000 people in Ecuador, Guatemala, Honduras, Peru and India and the expansion of GFN’s program to Southeast Asia, where GFN will seek to provide hunger relief services to 40,000 additional people.

“Tragically, one in nine people around the globe go to bed hungry each night. We have partnered with The Global FoodBanking Network to help address this crisis” said Emmanuel Roman, CEO of PIMCO and President of the PIMCO Foundation. “PIMCO has made a deep commitment to combatting hunger through our broader corporate responsibility platform, and we are thrilled to support GFN’s valuable work through this grant.”

The $2m investment follows a previous $1m grant from PIMCO to GFN, made in 2018.

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