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World Bank to Create Women's Fund Championed by Ivanka Trump

  • New fund will finance women entrepreneurs, World Bank says
  • Trump’s daughter says she’ll be a strong advocate for the fund
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Ivanka Trump: The Quiet Power Behind the President

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The World Bank said it will start a fund to finance women entrepreneurs, an idea it developed in tandem with Ivanka Trump, the daughter of the U.S. president.

The Women Entrepreneurs Finance Initiative will make more than $1 billion available to improve access to capital for women, the Washington-based development institution said Saturday. The fund will provide technical assistance and invest in projects and programs that support women and women-led small- and mid-size businesses, said the World Bank, which bankrolls development in poor countries.