Ivanka has announced that she has begun building a large fund to benefit female entrepreneurs around the world. She was in Berlin and stated that both countries will contribute to a pool of capital to empower women economically.
“The statistics and results prove that when you invest in women and girls, it benefits both developed and developing economies,” Ivanka said. “Women are an enormous untapped resource, critical to the growth of all countries.”
A source said Canadians, Germans, and a few Middle Eastern countries have already made quiet commitments. Several corporations have also made quiet commitments.
The focus of this fund will be on small and medium-sized companies.
Ivanka said she consulted with World Bank Group President Jim Yong Kim about the idea. She hopes he will help her pull this off in a big and successful way.
To view some big questions being asked about the fund, click here.
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