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Ivanka Trump announces $150mn for female entrepreneurship in Latin America

IANS  |  Lima 

announced here a new initiative to allocate $150 million in seed money to facilitate access to capital for Latin American

"Today we launched 2X Americas, a new US initiative which will commit $150 million and mobilise a total of $500 million to provide Latin American women with access to capital, jobs and opportunities to prosper," news quoted Ivanka as saying on Friday at a press conference.

Ivanka, who is in for the eighth of the Americas, said that "like women in so many places around the world, women in are often challenged to access financial services, facing the largest credit gap globally".

"2X will empower women in Latin America," she added.

"And when women are successful, families are successful, communities are successful and countries are successful."

The initiative is managed by the (OPIC) - the US government's - which has already committed $1 billion internationally and has decided to create a program specific to

The event was also attended by US Acting John Sullivan, who said that every country must ensure that their is "a place where women are able to work and prosper."

Ivanka on Thursday visited the Stock Exchange, as well as a women-owned company dedicated to making organic food products, before attending a dinner with participants of the third of the

The US will be officially represented at the by

--IANS

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sat, April 14 2018. 09:02 IST
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