A month ago, Ivanka Trump declared an establishment of a new initiative to “benefit female entrepreneurs around the globe.” On Saturday, Trumps visited Saudi Arabia as part of his foreign trip. During his trip, the kingdom announced its funding to Ivanka’s initiative.
Some people have been wondering if there is any connection between both decisions. Some have been wondering whether it’s a coincidence.
Saudi Arabia’s Fund
“Saudi Arabia and the United Arab Emirates will donate a combined $100 million to a World Bank fund for women entrepreneurs that was the brainchild of Ivanka Trump,” the National Public Radio reported. “The announcement by World Bank President Jim Young Kim came during a visit to Saudi Arabia by President Trump, who was accompanied by his wife, Melania, daughter Ivanka and son-in-law, Jared Kushner.”
To Where Does The Fund Go?
Saudi Arabia is donating $100 million to the initiative. The money will go to the fund’s managers at the World Bank.
On Sunday, World Bank President Jim Yong Kim declared the contribution to the World Bank Women Entrepreneurs Fund at a conference in Riyadh between Ivanka Trump and 15 Saudi women.
“This is really a stunning achievement,” Kim said.“I’ve never seen anything come together so quickly, and I really have to say that Ivanka’s leadership has been tremendous.”
“The American president’s daughter has an office in the West Wing and advises her father on matters large and small. Foreign leaders and officials know this. Countries that wish to curry favor with this powerful and influential White House official/adviser/daughter realize that writing a generous check for the cause she’s championing creates an opportunity to impress,” MSNBC states.
Since Trump became President, Ivanka has had an important role in the White House. As a senior White House adviser, Trump’s daughter takes part in meetings with heads of state.