Ivanka Trump Is Considering Launching a New Fund for Female Entrepreneurs
“Women are an enormous untapped resource.”
Ivanka Trump is now working to create a large investment fund that will focus on female entrepreneurs around the globe, Axios reported on Wednesday.
The fund will focus on and provide capital to small- and medium-sized companies.
So far, Trump has secured commitments from a number of corporations and foreign governments like Canada, Germany, and a few Middle Eastern countries, an unidentified source told Axios.
The fund would work toward achieving one of the Global Goals — reaching gender equality by 2030 through promoting the economic empowerment of women everywhere.
Ivanka Trump has spoken with the World Bank Group President Jim Yong Kim about how to make the plan a global success and has won backing from her father, President Donald Trump, according to the Axios report. Officials from the World Bank told The Washington Post that it's in discussions to manage the fund for Trump.
She has long been a self-proclaimed advocate for affordable childcare and working women.
Both on the campaign trail and during her father’s term in office, she has argued for equal wages for equal work and paid family leave, frequently bearing the backlash of her father’s opposing stances.
She was in Berlin this week to participate in the Women20 Summit, a panel promoting women’s leadership and economic empowerment. In her first trip abroad as an advisor to her father, she was met with laughter and hisses from the audience after touting her father’s track record on women’s issues.
During his presidential campaign, a video of Donald Trump describing crudely how he treats women surfaced. And early in his tenure as president, a report came out that he preferred women on his staff to "dress like women."
Ivanka Trump seems to be making efforts to improve the administration's reputation with women.
“The statistics and results prove that when you invest in women and girls, it benefits both developed and developing economies,” she told Axios from Berlin. “Women are an enormous untapped resource, critical to the growth of all countries.”