Clinton Global Initiative Concludes With $8 Billion in Commitments

Clinton Global Initiative Concludes With $8 Billion in Commitments

Closing the fourth annual meeting of the Clinton Global Initiative on Friday, former President Bill Clinton announced that CGI members had made 250 commitments valued at $8 billion which, when fully implemented, could improve the lives of 158 million individuals worldwide.

The commitments include $100 million over ten years from LeapFrog Investments and its partners to launch a micro-insurance initiative that will enable 25 million low-income individuals to access affordable, quality insurance and financial services; $50 million over five years from Microsoft to expand its Innovative Teachers program to more than a hundred countries; and $26 million over four years from the American University in Dubai to create scholarships for students from the Middle East to attend the Mohammed bin Rashid School for Communication.

In addition, Goldman Sachs committed to provide three hundred Liberian women with a business education; the UN Foundation and its partners pledged to provide two million refugees with bed nets to protect against malaria as part of the Nothing But Nets campaign; and several CGI members heeded a call to action to help the victims of Haiti's recent natural disasters. Valued at $130 million, the commitments will provide five million liters of clean water to the impoverished country; food for 20,000 families each month; seeds, fertilizer, and training for 36,000 farmers; and improved education for more than 600,000 students.

"Each year, I am more impressed by our members' dedication to take action, think innovatively, and form partnerships to address the most critical global problems," said Clinton. "CGI members have made nearly 1,200 commitments to action valued at $46 billion that have already improved more than 200 million lives in 150 countries. New commitments unveiled this week will impact more than 158 million lives."