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World Bank likely to run women's global fund

Mike Allen, author of AM

Michael Sohn / AP

After the Twitters erupted with questions and criticism (including comparisons to the Clinton Foundation), the White House said Ivanka Trump will play a limited role in the global fund for women's empowerment that she told me about from Berlin:

  • An aide says: "She had the idea and recommended it to [World Bank Group President] Jim Kim but they are ... the implementer ... She will be its most advocate and supporter and will work closely with [German Chancellor Angela] Merkel and [IMF Managing Director Christine] Lagarde and Kim etc."
  • World Bank Group President Jim Yong Kim said his role is still being worked out: "The World Bank Group is working with partners on the details around creating a facility for women's economic empowerment ... We are very grateful for the leadership Ms. Trump and Chancellor Merkel have demonstrated."
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