Arab States Pledge $100M To Ivanka’s Foundation

The Wall Street Journal reports:

The World Bank plans to announce Sunday at an event with Ivanka Trump, the U.S. president’s daughter and senior White House adviser, that Saudi Arabia and United Arab Emirates have pledged $100 million collectively toward a fund for women who own or want to start businesses, according to people familiar with the announcement.

The money for the bank’s proposed Women Entrepreneurs Fund would be aimed at women in the Middle East, these people said. They described the fund’s goal as helping women start and run successful businesses by easing their access to finance, markets and networks.

“This facility has clear alignment with our broader work to advance women’s economic empowerment,” World Bank President Jim Yong Kim said in a statement thanking Saudi Arabia, the U.A.E. and Ms. Trump. “We look forward to launching the facility later this year.”