September 25, 2009
Sep 25

Press Release: President Bill Clinton and Secretary of State Hillary Clinton Close Fifth Annual Meeting of the Clinton Global Initiative

New York, NY
Press Release

In 2009, members made 284 Commitments valued at $9.4 billion dollars

1,700 commitments have been made since 2005 valued at more than $57 billion

New York, N.Y. – President Bill Clinton was joined today by Secretary of State Hillary Clinton to close the Fifth Annual Meeting of the Clinton Global Initiative (CGI). In his remarks, President Clinton announced that by the end of the meeting, which has been underway since Tuesday, CGI members in 2009 have made 284 new commitments valued at more than $9.4 billion dollars. In total, these commitments are projected to improve more than 200 million lives. Since 2005, members of the Clinton Global Initiative have made nearly 1,700 commitments valued at $57 billion dollars.

“I think we can say with some certainty that this model actually does work,” President Clinton said. “People don’t have to have the same politics, the same religion, or speak the same language to work together and to have an impact. We all have things to learn from each other. What we need is a shared mechanism to achieve common goals.”

The impact of 2009 commitments, once fully implemented, is expected to yield the following results:

  • 79 million people will generate sustainable income through self-employment or new job opportunities.
  • $5.4 billion will be invested in or loaned to small- and medium-sized enterprises
  • 25.4 million people will have improved access to capital and financial services.
  • 3.5 million small farmers will gain access to inputs, supports, and markets.
  • 7 million women and girls will be reached through empowerment initiatives.
  • 30 million children will gain access to education.
  • 2 million girls will be reached through school enrollment efforts.
  • 30 million metric tons of CO2 emissions will be cut
  • 7 million people will be reached with clean energy.
  • 1.5 million people will be engaged in efforts to promote climate change solutions.
  • 83 million people will have increased access to health services.
  • 17 million people will have increased access to maternal-child health and survival programs.
  • 4.7 million children will benefit from malnutrition interventions.
  • 40 million people will receive treatment for neglected tropical diseases.
  • $50 million will be raised to fund research and development of new vaccines, medicines, and diagnostics.
  • 18 million people will have increased access to safe drinking water.

While many commitments are made in advance of the Annual Meeting, some are inspired onsite. For example:

  • Member Mouhsine Serrrar from Prakti Design Labs came in to the Annual Meeting to find partners for his commitment to distribute fuel efficient cookstoves in India. This week, he has not only developed a new commitment around developing fuel efficient cookstoves in Haiti, a country that desperately needs new options for stopping deforestation, but he has also found a wide range of implementing and funding partners – including E+Co, AIDG, the Sierra Club, among others – to make it possible.
  • Another member, inspired by remarks by Dr. Wangari Mathaai, has anonymously committed to help Mathaai’s organization and to fund cataract surgeries for more than 300 individuals.
  • While attending the action network on human trafficking and slavery, Jim Greenbaum realized that he could use his contacts and resources to make a difference. He committed to put the issue of ending child and slave labor on the map of the Young Presidents Organization, and to work to get all YPO member companies to ensure that they and their supply chains are not utilizing child or slave labor.

Prior to the closing session, a morning plenary session focused on how financial resources could be deployed for the global good. The session, “Moving from Crisis to Opportunity – Financing an Equitable Future,” featured Fazle Abed, founder and chairman of BRAC, Sheila Bair, chairman of the Federal Deposit Insurance Corporation, James Dimon, chairman and CEO of JP Morgan Chase & Co., and Peter Sands, CEO of Standard Chartered PLC. It was moderated by CNBC anchor Maria Bartiromo. Participants discussed how to avoid another financial crisis, and how to extend financial products such as microfinance and insurance to the world’s poor.

During the session, several new commitments were announced. Among them:

  • Moody’s, in partnership with Kiva, is poised to dramatically increase the number of entrepreneurs benefiting from microloans. Using Moody’s financial support and expertise in risk analysis, and pro-bono credit ratings of Kiva’s 20 largest microfinance institution partners, Kiva will build on-the-ground teams to expand its capacity to connect with entrepreneurs, assess their creditworthiness, and monitor progress toward loan repayment.
  • PRODEL commits to develop a savings vehicle targeted at the very poor, which will help raise funds in order to scale up PRODEL’s microfinance lending, both in Nicaragua and throughout Central America. PRODEL’s model of social and financial inclusion offers microloans to the poor for the improvement of housing, basic services, and infrastructure.

A complete list of commitments made today is included below.

Commitments Announced Friday, September 24, 2009:

  • The World Food Programme (WFP) commits to bring together key global, regional, and local private sector entities to undertake a five year project to radically reduce malnutrition in a minimum of two countries in Asia. WFP will undertake an analysis of the gaps and implement country specific solutions including new product development, increased fortified foods, and improved processing technology and training.
  • The Rockefeller Foundation commits to financially supporting the Global Impact Investing Network (GIIN). GIIN is a not-for-profit organization dedicated to building the infrastructure, activities, education, and research that will enable more effective impact investing around the world.
  • The Global Impact Investing Network (GIIN) will build a community of leading impact investors as the founding membership of the GIIN Investors’ Council. This commitment aims to build the infrastructure, activities, education, and research that will enable more effective impact investing around the world, ultimately increasing the volume and effectiveness of capital deployed to solve previously intractable social and environmental problems.
  • The Global Impact Investing Network and its partners will launch the Impact Reporting and Investment Standards, an initiative to measure and report on the performance of impact investments. This project will bring transparency and credibility to this industry, encouraging investment in effective solutions to pressing social and environmental challenges.
  • The Maternal Health Task Force at EngenderHealth, Ashoka, and the Bill & Melinda Gates Foundation commit to support 32 Young Champions who will be selected based on their novel approaches to reducing maternal death and disability. The Young Champions will be linked to leading experts on the ground and will acquire experience propelling them to become leaders in their fields.
  • One HEART and its partners commit to launching an innovative program that will provide supplies and skills training for maternal and neonatal health in remote and resource-poor communities in Nepal and Mexico. This program aims to reduce maternal and newborn morbidity and mortality in indigenous and underserved populations that experience high rates of home deliveries and related mortalities.
  • The Lwala Community Alliance commits to increase health infrastructure and community maternal health education to save lives of infants and mothers in the catchment area of Lwala and its surrounding villages in Kenya. This commitment will provide public health outreach and clinic-based safe motherhood services before, during, and after delivery by women of reproductive age.
  • The Pakistan National Forum on Women’s Health commits to launch a program to train 30 nursing and midwifery tutors from across Pakistan in Karachi who will then return to their provinces, teaching at local nursing midwifery schools. The project’s goal is to train a workforce of nurses who will tackle the issue of needless maternal deaths in the country.
  • Jhpiego commits to introduce breakthrough methods to combat eclampsia, the second leading cause of maternal mortality, through simple, high-impact, and cost effective strategies and tools. Through a three-tiered approach consisting of prevention, detection, and treatment, this commitment will prevent the needless death of mothers and its devastating effect on families in 11 Asian and African countries.
  • American India Foundation (AIF) commits to improving maternal and newborn survival in Seraikela Kharsawan, one of India’s poorest districts. AIF support will allow for increased institutional delivery or skilled birth attendance in public and private health facilities, and improved community-based newborn care. The project will directly benefit 17,500 women and 6,400 children under the age of two.
  • Moody’s in partnership with Kiva is poised to dramatically increase the number of entrepreneurs benefiting from microloans. Using Moody’s financial support and expertise in risk analysis, and pro-bono credit ratings of Kiva’s 20 largest microfinance institution partners, Kiva will build on-the-ground teams to expand its capacity to connect with entrepreneurs, assess their creditworthiness, and monitor progress toward loan repayment.
  • Impact Capital Partners commits to catalyze the affordable housing sector in India through investments in construction and microfinance that will lead to the building of 50,000 affordable, sustainable homes in India at less than $20,000 a home. This project will create access to finance through micro-mortgages for the working poor of India currently residing in slums.
  • UN-HABITAT commits to financially support the Affordable Mortgage and Loan Corporation in its efforts to reduce the serious housing shortage in the Palestinian Territories. This project will lead to the construction of 30,000 affordable housing units in the West Bank for low to middle income Palestinians who currently cannot afford housing and have no access to formal mortgage finance.
  • PRODEL commits to develop a savings vehicle targeted at the very poor, which will help raise funds in order to scale up PRODEL’s microfinance lending, both in Nicaragua and throughout Central America. PRODEL’s model of social and financial inclusion offers microloans to the poor for the improvement of housing, basic services, and infrastructure.
  • Ashoka Arab World, through Housing For All (HFA), commits to revolutionize the Egyptian housing industry and transform the affordable housing market for families living in unsafe and illegal slum conditions. HFA will leverage the strengths of the private sector, Citizen Sector Organizations, universities, and low-income populations, using market-based strategies to provide affordable and environmentally sustainable housing for 18,000 families.
  • Mercy Corps and its partners will pilot a permanent, sustainable system that will promote local community stewardship of natural resources in North Kivu, Democratic Republic of the Congo. Through financial incentives, this model will motivate communities living in threatened habitats to implement environmentally sustainable household activities that include using fuel-efficient stoves, planting renewable woodlots, and producing reduced emission briquettes.
  • commits to encourage 5,000 citizen philanthropists and institutional stakeholders, through its online platform, to provide educational resources and supplies to create a more robust academic experience for 150,000 students in nearly 6,000 classrooms, in underserved, rural schools in the U.S.
  • Qifang will launch a scalable model to help young girls from Shaanxi, China attain their college dreams and become community leaders. Qifang will leverage its social lending and web platform to finance the college education of qualified female students. Participants will receive life-long mentorship. Those who return to their communities two years after graduation will also benefit from debt relief.
  • The Center for Financial Services Innovation commits to form a for-profit, market-rate venture capital firm, Core Innovation Capital, which will invest in the most progressive, highly-scalable financial technology companies. This commitment will create excellent, market-rate financial returns, and create billions of dollars in cost savings and asset building opportunities for millions of underbanked households in the U.S.
  • Naya Jeevan commits to provide access to an affordable, high-quality micro-insurance program for 100,000 low-income families in Pakistan and India. As part of a comprehensive approach, this also includes providing primary and preventative healthcare education, as well as workshops on sanitation and relevant skill development training, to low-income families.
  • The HealthStore Foundation, with its partners, commits to expanding their Child and Family Wellness Clinics (CFW) funded by social venture capital equity investments in Kenya and Rwanda, and launching a CFW network in Ghana to provide high-quality drugs and basic health care to underserved communities.
  • Freedom from Hunger will extend its Microfinance and Health Protection Initiative, building a consortium of practitioners, researchers, donors, and advocates to demonstrate that microfinance service providers can – and will – offer their clients health protection options. Five hundred or more microfinance service providers will offer health protection options to at least 2.5 million very poor clients in the developing world by 2014.
  • Right To Play International, ExxonMobil, and Wasserman Media Group will join the United Against Malaria partnership, using the World Cup 2010 in South Africa to dramatically accelerate progress against malaria. Through this commitment, high-profile individuals and organizations will use football, the world’s most popular sport, to raise global awareness and renew worldwide commitment to prioritize and end malaria.
  • PATH and its partners commit to improve the health of more than 800,000 schoolchildren in India by expanding their Ultra Rice meal fortification program. Increased demand for Ultra Rice and expected economies of scale will make the incremental cost of rice fortification more affordable to governments, better enabling them to improve the health of millions of malnourished schoolchildren.
  • Growing Power commits to strengthen food security for school children and their care givers in South Africa and Zimbabwe. Growing Power will build a new model of local food systems to ensure adequate nutrition in the short-term and build a long-term foundation for competitive African human capital in the global market place.
  • Mantria Corporation commits to help mitigate global warming through the use of its Carbon Fields site, where Mantria will perform trials on their product BioChar, a carbon-negative charcoal, to prove how this product can sequester carbon dioxide, improve soil quality when buried, and reduce emissions in developing countries.
  • AgroFrontera and Tres Ríos Agricultural Cooperative, with their partners, commit to work with 450 smallholder farmers and food companies to design and implement innovative food value chains that will improve capacity of smallholder farmer organizations in the impoverished northwest region of Dominican Republic to supply high quality food products to local, national, and international markets.
  • General Mills, PEPFAR, and USAID’s Partnership for Food Security will link the technical and business expertise of General Mills experts with up to 200 small and medium-sized mills and food processors in sub-Saharan Africa, with the goal of improving the overall commercial viability of these enterprises and enhancing food production of nutritious food products for the world’s most vulnerable populations.
  • Pegasus Sustainable Century commits to bring capital, financial, operating, and policy expertise to middle-market growth businesses in the U.S. Through this commitment, these businesses will have the potential to transform a significant segment of industry with more efficient, sustainable solutions with sustainability benefits including pollution reduction, improved energy efficiency, and reduced resource use.
  • Green For All and Living Cities commit to form the Urban Opportunity Retrofit Fund, a new social investment fund that finances innovative efforts to retrofit homes, businesses, and community facilities to achieve greater energy efficiency and other environmental benefits while creating jobs and cutting costs for low-income communities.
  • CMEA Capital commits to investing new capital in clean technology and new energy initiatives in companies whose technology combines scientific breakthroughs from a variety of disciplines. This commitment extends CMEA’s history of investing in technology entrepreneurs and innovators, with a particular focus on those opportunities and innovations that translate environmental challenges into significant global economic value.
  • The U.S. Centers for Disease Control (CDC), CDC Foundation, Grupo ABC, the Nduna Foundation, UNICEF, UNAIDS, UNFPA, UNIFEM, and the World Health Organization will develop a global initiative to address the human injustices of sexual violence against girls. Through surveillance methodology, policy and social interventions, and a media campaign, the commitment aims to achieve sustained positive change in the treatment of girls.

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