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World Bank will manage Ivanka Trump fund

Andrew Harnik / AP

The World Bank, not the White House, will be managing a new investment fund aimed at companies founded by women entrepreneurs around the globe, according to White House deputy national security advisor Dina Powell.

We have reached out to The World Bank, and are awaiting further comment. More questions on the fund, here.

Update: World Bank sources say that there is not yet an official structure for the fund, as such conversations are still ongoing with G20 members (including the U.S.). The sources also said that World Bank has not 100% committed to managing the fund, although things are "trending in that direction."