Accessibility links

USA

Ivanka Trump, World Bank Discuss Women Entrepreneur Fund

  • Associated Press

FILE - Ivanka Trump, daughter and adviser of U.S. President Donald Trump, arrives for the W20 summit in Berlin, April 25, 2017.

Ivanka Trump has been involved in discussions with the World Bank about establishing a funding operation to support female entrepreneurs, bank and administration officials said Wednesday.

The officials stressed that nothing has been set up yet and that talks are ongoing about how this would be structured.

They said it could be a World Bank-run "facility," which accepts contributions from governments and private donors and then provides funding and support to women in developing countries.

According to a senior administration official, Trump recently pitched the idea to World Bank Group President Jim Yong Kim.

The administration official, who sought anonymity because the project is in its early stages, said Trump would have no official authority over the fund and would not solicit contributions, but would be a "strong advocate."

XS
SM
MD
LG