NEW YORK CITY - Former U.S. president Bill Clinton announced on June 21 that his foundation is launching a new sustainable development initiative in Latin America, the CLINTON GIUSTRA SUSTAINABLE GROWTH INITIATIVE (CGSGI), thanks to the major financial commitment of two prominent philanthropists, Frank Giustra and Carlos Slim Hel.
Giustra, a Canadian businessman, has pledged a minimum of US$100 million to the effort, as well as half of all his future earnings from his work in the natural resources sector. He has also been the driving force to bring together a coalition of mining industry and non-industry actors that will make CGSGI possible.
Carlos Slim Hel, the chairman of Grupo Carso, has already answered Giustras call for financial commitments to CGSGI and committed at least US$100 million to CGSGIs work in Latin America.
The new initiative will focus its efforts in Latin America and other parts of the developing world, and will identify opportunities to assist local leaders in addressing social, economic and environmental issues in a cost-effective, scalable and sustainable way, consistent with the Clinton Foundations proven track record on health and development elsewhere in the developing world. CGSGI will engage other partner organizations, NGOs, and national governments as necessary to develop programs at costs that can be borne by local communities.
Learn more about the former presidents initiatives at www.ClintonFoundation.org.