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THE WHITE HOUSE

                      Office of the Press Secretary
                           (Cologne, Germany)

For Immediate Release 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 combatting AIDS. It represents a sound, humane effort to promote widely shared prosperity in the new milennium.

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