Article source
Devex
Article date
Sun, Jul 9, 2017
HAMBURG — The World Bank officially announced the creation of a more than $1 billion women’s economic empowerment facility — the brainchild of Ivanka Trump — at the G-20 Summit in Germany this weekend.
Officially known as the Women Entrepreneurs Finance Initiative, or We-Fi, the idea for the facility first emerged in April when Ms. Trump, the daughter of United States President Donald Trump, mentioned it at a Women 20, or W-20, meeting in Germany. Quickly dubbed “The Ivanka Fund,” it soon drew the attention of World Bank President Jim Kim, who specifically thanked her at the launch event Saturday for “bringing us the idea of forming this facility and being such a strong advocate for women entrepreneurs.”