Ivanka Trump on Thursday unveiled that the W-GDP (Women’s Global Development and Prosperity Initiative) aims to raise $6 Billion in capital that will be used to fund women-owned and led projects around the world.
“The Trump Administration is committed to ensuring that women have an equal opportunity to participate in the economy at home and around the world,” Ivanka said in a statement announcing the new goal. “W-GDP’s 2X Initiative is taking bold action with a new goal of $6 billion in capital to support women-owned, women-led, and women-supporting projects across the world. Through W-GDP, we are addressing the systemic barriers that women face in the developing world.”
Ivanka made the announcement during the virtual event hosted by Concordia and U.S. International Development Finance Corporation (DFC). During the event, Ivanka and DFC CEO Adam Boehler also discussed new targets for W-GDP in Latin America and the Caribbean as well as highlighting several plans, including, “identifying barriers and solutions to women’s economic opportunities and “supporting women’s economic empowerment during COVID-19 through interventions, innovations, and investment opportunities.”
🚨New!🚨: @IvankaTrump announced with @DFCgov’s Adam Boehler a DOUBLING of the #WGDP 2X goal, from $3 billion to $6 billion. This initiative started from an initial goal of $500 million in capital, first announced in April 2018 in Lima, Peru pic.twitter.com/LslrVujZ54— Carolina Hurley (@CLH45) August 6, 2020
In February 2019, President Trump, established the Women’s Global Development and Prosperity (W-GDP) Initiative, the initiative spearheaded by Ivanka that aims to help advance economic empowerment for 50 million women in the developing world by 2025.
The women’s empowerment initiative since its creation, promotes women’s empowerment through programs sponsored by 10 U.S. agencies with a goal of helping 50 million women in developing nations advance economically by 2025. Nearly 2 million women have participated in U.S.-supported workforce training and development programs, and more than 9,000 women-led businesses have received more than $1.6 billion in U.S. government-backed loans.
Ivanka has promoted the Women’s Global Development and Prosperity Initiative during visits to Africa and South America. Next week, Ivanka will head to Dubai for the Global Women’s Forum of 2020 and will be the keynote speaker during the official opening.