Yesterday, on the final day of the 2017 G20 summit, Ivanka Trump helped to roll out a new women’s entrepreneurship initiative called “We-Fi”, or Women Entrepreneurs Finance Initiative. She joined Jim Yong Kim, World Bank President, on a panel to formally roll out the initiative.
The initiative worth over a billion dollars will provide both non-financial and financial resources from the World Bank, including loans, guidance and technical assistance, mentorship opportunities, and policy reform to get rid of barriers for women in developing countries. With funding for the facility coming from both the public and private sectors, including international financial organisations, commercial financing foundations and individuals.
The U.S. will be donating $50 million dollars to the initiative, according to President Trump.
Ivanka made headlines for another reason this weekend. She briefly took her father’s seat while he attended bilateral meetings during a session during the summit in Hamburg. This prompted nepotism claims and discussion surrounding her political and diplomatic qualifications.
