Ivanka Trump and the World Bank have a new idea to help women globally

[Eugene]

Source: Washington Post

Ivanka Trump and the World Bank have a new idea to help women globally

By Danielle Paquette and Damian Paletta July 8 at 3:50 AM

Following a push from first daughter Ivanka Trump, the World Bank unveiled a new program Saturday that is designed to boost women entrepreneurs in developing countries and fight the norms that hold them back, such as uneven access to loans and shaky property rights.

The Women Entrepreneurs Finance Initiative, as the bank calls it, announced Saturday it had raised $325 million from numerous countries, with $50 million coming from the United States and other contributions from Germany, Saudi Arabia, the United Arab Emirates, Japan, China, the United Kingdom, South Korea, and the Netherlands. The World Bank hopes the program can raise in excess of $1 billion.

At an event Saturday morning at the G-20 summit in Hamburg, numerous world leaders praised the initiative, with several singling out Ivanka Trump for helping the program get up and running. But the biggest praise came from her father, who said it could result in a transformation of the global economy.

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Even with the support of world leaders, the program faces numerous challenges. There have been numerous programs that aimed to help women access money so they can grow businesses, but none have taken off to the scale that the World Bank is hoping.

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Read more: https://www.washingtonpost.com/news/wonk/wp/2017/07/08/after-proposed-aid-cuts-ivanka-trump-and-the-world-bank-have-a-new-idea-to-help-women-globally/

[elehhhhna]

1. No fucking mention of Merkel, who put this together?

This is like when the Kennedys stole the Special Olympics idea from Maggie Daley