"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," Efe news quoted Ivanka as saying on Friday at a press conference.
Ivanka, who is in Lima for the eighth Summit of the Americas, said that "like women in so many places around the world, women in Latin America are often challenged to access financial services, facing the largest credit gap globally".
"2X Americas 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 Overseas Private Investment Corporation (OPIC) - the US government's development finance institution - which has already committed $1 billion internationally and has decided to create a program specific to Latin America.
Ivanka on Thursday visited the Lima Stock Exchange, as well as a women-owned company dedicated to making organic food products, before attending a dinner with participants of the third CEO Summit of the Americas.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)