Clinton Urges Help for the Poor

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Last updated at: (Beijing Time) Thursday, May 23, 2002

Clinton Urges Help for the Poor

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Former U.S. President Bill Clinton appealed to institutional investors and corporate executives to use their influence to work for the interest of the poor when he addressed a forum in Hong kong Wednesday.

According to a press release from the CLSA, the forum's organizer, Thursday, Clinton told the ninth CLSA Investors' Forum that the disaffected and desperate must be helped so they will not draw inspiration from suicide bombers and other acts of violence.

"You could have people who have nothing to lose turn into mercenaries," warned Clinton at the forum.

The former president suggested that the foreign debt of countries where AIDS is a big problem be forgiven so long as the money thus freed go to effective anti-AIDS programs.

"The world cannot afford to let 100 million AIDS cases develop in Africa and elsewhere within five years as experts forecast. Allowing this catastrophe to happen is not only inhuman. It can also potentially play into the hands of terrorists," he said.

Clinton said everyone benefiting from globalization has the responsibility and the vested interest to let the rest of humanityshare in the new riches as well.

The forum, which is the world's largest gathering of investors in emerging markets, attracted 1,200 institutional investors and corporate executives from 25 countries.

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