News

News

Japan Pledges $50 Million to World Bank Initiative to Finance Female Entrepreneurs

Japan Pledges $50 Million to World Bank Initiative to Finance Female Entrepreneurs

Japan has pledged US$50 million (S$67.9 million) to a global initiative that promotes female entrepreneurship, Prime Minister Shinzo Abe said on Friday, Nov 3 to an audience that included Ivanka Trump, senior advisor to U.S. President Donald Trump.

This will make the country the largest financial contributor in the Women's Entrepreneur Finance Initiative, a public-private loan programme by the World Bank that was championed by Ms Trump and launched at this year's Group of 20 (G-20) summit.