US President Donald Trump, first lady Melania Trump and first daughter Ivanka Trump and Jared Kushner made their debut foreign trip which started with Saudi Arabia. Just two days after their visit to the Kingdom, the Arabs already reaped benefits to tune in $100 million funding women entrepreneur around the world!
In the sunlit ballroom at Tuwaiq Palace in Saudi Arabia, Ivanka Trump proposed the Women Entrepreneurs Fund which is run by World Bank and aims to provide female entrepreneurs with financial support which will be important for the future growth of women. But the Kingdom is known for its strict rules, the proposal of the US first daughter and closest advisor of US President could have led to conspiracies and controversies. But to everyone’s awe, Saudi Arabia and the UAE has pledged $100 million to the women fund run by World Bank.
World Bank president, Jim Yong Kim announced on the weekend about the donation pledged by the Gulf states. The idea of microfinance for women from underdeveloped countries was the brainchild of Ivanka Trump and German counsellor Angela Markel during a conference at Berlin, Germany. And it is interesting as of how Saudi leaders are to cut a multimillion-dollar check to help women-owned businesses in the Middle East.
— Jim Yong Kim (@JimYongKim) May 21, 2017
Praising the efforts of Ivanka, Kim said, “We thought it was a fantastic idea, but we had no idea how quickly this would build. This is really a stunning achievement. I’ve never seen anything come together so quickly, and I really have to say that Ivanka’s leadership has been tremendous.”. The Arab delegates said that they are committed towards the empowerment of women and they are desperately working on reforming the conservative obligations.
But the question raises when the Ivanka-led funding is compared to the Clinton Foundation of whether it is an alternative Clintonian timeline proposal? Well, theoretically, according to the World Bank, Ivanka won’t have any control over how the money is doled out, and according to the White House, she won’t take an active role in soliciting the funds either. (The Clintons did both at their foundation.) Assuming both of those prove true, then what we have here isn’t the Ivanka Trump Foundation by another name but instead a World Bank initiative that has the support of the White House towards a good deed.