March 31, 2006
Mar 31

Press Release: President Clinton Announces Details of 2006 Clinton Global Initiative and Updates 2005 Commitments

New York
Press Release

2006 Attendees to Include Bill Gates, Warren Buffett, First Lady Laura Bush, Jacques Chirac, and other global leaders While Citigroup Pledges $5.5 Million for Global Micro-Finance Program, Making it the First Commitment of 2006.

At a gathering in New York today, former President Bill Clinton announced the details for the 2006 Clinton Global Initiative (CGI) and provided an update on commitments from CGI 2005. Bill Gates, First Lady Laura Bush, French President Jacques Chirac, Rupert Murdoch, Richard Branson, Warren Buffett, and hundreds of other leaders will be joining President Clinton this September to discuss the four focus areas of the meeting: Poverty Alleviation; Religious & Ethnic Conflict Reconciliation; Global Energy Solutions; and Global Public Health. Global Public Health is a new focus area at this year’s meeting in September.

“The 2005 Clinton Global Initiative succeeded beyond my expectations, and I am looking forward to our 2006 meeting,” said President Clinton. “We had nearly 300 commitments valued in excess of $2.5 billion dollars from our inaugural meeting and I am confident that we can expand upon this at our meeting in September.”

Nigerian President Olusegun Obasanjo and New York City Mayor Michael R. Bloomberg joined President Clinton at the meeting and Obasanjo praised the Clinton Global Initiative for its forward thinking and commitment to make lasting changes in the world. He also spoke of his experience at CGI 2005 and of the 6 CGI projects currently taking place in his home country.

During the meeting, President Clinton called upon some of those who pledged commitments in 2005 to report on their progress. John Bryant of Operation HOPE, Nancy Kete of EMBARQ, Dr. Bruce Charash of the NGO Doc to Dock, and Maria Otero of ACCION, each reported on their 2005 commitments, their progress, and future goals.

The meeting also saw the pledge of the first commitment for the 2006 Clinton Global Initiative. Citing Citigroup's commitment to use their global reach and local expertise to expand access to financial services and strengthen communities and markets around the world, Ajay Banga, Chairman and CEO, Global Consumer Group International, Citigroup, pledged $5.5 million to honor micro-entrepreneurship in 25 countries with the goal of empowering two million people with the financial tools they need to enrich their lives.

“My goal for CGI was to bring together a select group energized and highly accomplished individuals to join me in committing to action,” concluded President Clinton. “There is a great deal we can do, and we just have to put our minds together and commit to take action to change our world for the better. The Clinton Global Initiative is a way to achieve this, and I am confident CGI is leading to meaningful and lasting change in the world.”

New York Mayor Michael R. Bloomberg lauded the Clinton Global Initiative for the positive impact it had on New York City in 2005 and expressed his excitement for CGI 2006. The Clinton Global Initiative, through hosting its annual meeting, generates $11 million for New York City each year.

The 2006 Clinton Global Initiative will take place September 20-22, 2006 in New York City at the Sheraton New York Hotel & Towers.

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