The White House has allocated $2 million from Women’s Global Development and Prosperity (W-GDP) Initiative Fund to Azerbaijan, the Embassy of Azerbaijan in the US told an Azerbaijani Trend news agency.
“Deputy Administrator of the US Agency for International Development (USAID) Bonnie Glick, the US Deputy Secretary of State Stephen Biegun, and Advisor to the President Ivanka Trump announced $122 million in new activities and partnerships under the White House-led W-GDP Initiative, established by the US’ President Trump in February 2019. USAID in Azerbaijan will receive $2 million from the W-GDP Fund at USAID, which was established by the Initiative and is now in its second year,” the embassy reported.
“The support of $2 million by the W-GDP Fund will help USAID in Azerbaijan to increase the capacity of women-led and women-focused business and professional associations in Azerbaijan. These platforms play an important role for women in business to raise their voices, and provide collective access to training, resources, and markets. Funding by W-GDP will help women entrepreneurs and business owners access markets, financing, networks, mentorship and other resources that enable them to overcome the obstacles of starting and growing firms,” the embassy adds.
As Ivanka Trump says, the W-GDP Fund was created to source and scale the most innovative programs to advance women’s economic empowerment allowing for leveraging the resources and expertise of the US government and the private sector so that activities have enduring, deep effects on the communities they reach, the Trend news agency reports.
Elena Trekhlebova
News Author