Cologne -- President Clinton has praised the leaders of the seven major industrial democracies (G-7) for agreeing to help the world's poorest nations.

Following is the text of Clinton's June 18 statement:

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The White House
Office of the Press Secretary
(Cologne, Germany)
June 18, 1999

Statement by the President:

The G-7 agreement we reached today is an historic step to help the world's poorest nations achieve sustained growth and independence while targeting new resources for poverty reduction, education and combating AIDS. It represents a sound, humane effort to promote widely shared prosperity in the new millennium.

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