Trump administration officials headed by the president’s daughter, Ivanka Trump, and American corporate leaders are set to unveil a $122 million-fund for new Women’s Global Development and Prosperity Initiative.
Ivanka Trump is spearheading the effort. The virtual event will be hosted by Deputy Secretary Stephen Biegun. He will be joined by National Security Adviser Robert O’Brien, Deputy USAID Administrator Bonnie Glick, and Ambassador-at-Large for Global Women’s Issues Kelley Currie.
The initiative aims to “advance women’s economic empowerment, with a goal of reaching 50 million women by 2025” through U.S. government programs and partnerships with businesses.
The White House said Walmart CEO Doug McMillon, Microsoft president Brad Smith and Mastercard CEO Ajay Banga will also be participating.
Banga issued a statement saying, “When so much in our lives has had to stop, now is exactly the time to go full speed ahead on this effort because supporting women, supporting their business and making them economically resilient pays off for everyone.”