This Saturday, President Trump announced a new initiative: a $50 million female entrepreneurship project whose launch was spearheaded by his daughter, Ivanka.
During his speech, President Trump praised his daughter and called her out for always being “a forceful advocate for landmark women entrepreneurs.”
“If she weren’t my daughter it would be so much easier for her,” the president said. “It might be the only bad thing she has going, if you want to know the truth.”
The Daily Mail reports:
The $50 million contribution will be part of a pot of government money that now exceeds $300 million, three times its original goal, World Bank President Jim Kim said.
Kim predicted a 10-to-one expansion of the World Bank-managed fund from the private sector, making more than $3 billion available to subsidize women’s business ventures worldwide.
Trump said the result will be the biggest initiative of its kind in history. ‘I think there’s really nothing even close,’ he declared.
‘This has been a really difficult one but once it got going – it was about women, and it just took off beyond what anybody thought,’ Trump added.
The $50 million contribution from the U.S. puts America at ‘the highest donor level,’ according to a White House official.
‘With a $50 million commitment the United States will continue to lead [on] the world stage in developing policies to empower women financially in our modern economy,’ he said.
The president told his Saturday morning audience that ’empowering women is a core value that binds us together,’ and that he is ‘very proud of my daughter.’
‘She’s always been great. Champion, she’s a champion,’ he said.
Trump said that both developed and developing countries would see an influx of new economic activity in the coming years from women who had previously been shut out of their chosen industries.
The President is currently touring around Europe for the G20 summit, and all reports show the president and other world leaders getting along.
President Trump seemed to be in high spirits as he commended Canadian Prime minister, Justin Trudeau, mentioning that ‘everyone loves him’ and ‘and they love him for a reason.’