UPDATED 8:48 AM PT – Wednesday, August 12, 2020
Presidential adviser Ivanka Trump announces a proposal to put millions of dollars into the Women’s Global Development and Prosperity Initiative.
During a press conference Tuesday, Ivanka said the White House had approved $122 million to “advance global women’s economic empowerment.”
The WGDP Initiative will be partnering with a number of fortune 500 companies to bolster their impact in economies across the globe.
“We will also continue to work regionally, partnering for example with MasterCard in Colombia to approve access to markets and networks by equipping early stage women fintech entrepreneurs with the direction needed to connect to MasterCard’s wider network,” Ivanka explained. “We’ll also be partnering with MasterCard to empower women-owned small scale retailers in India to become part of the digital economy.”
— Department of State (@StateDept) August 11, 2020
Ivanka launched the WGDP Initiative in 2019 with an initial $50 million investment for USAID (U.S. Agency for International Development) programs like the Peace Corps. The goal of the program is to help 50 million women reach financial success by 2025.