Ivanka Trump has teamed up with World Bank President Jim Yong Kim to help launch the Bank' joint program, the Women Entrepreneurs Finance Initiative, at the G20 summit in Germany today.
- The program will create an online global mentoring network and provide financing to women around the world who want to start their own business, especially those in developing countries.
- A senior White House official described the initiative as "unprecedented," and noted that Ivanka was originally shocked that there wasn't already a program like this in place, given the level of discourse around women's issues.
- How it'll work: A senior World Bank official said the initiative will begin as a trust fund in the World Bank, but they hope to eventually open it up to the private sector. In the meantime, the World Bank will serve as the secretariat, but the fund will be governed by those who donate.