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White House announces $ 2 million in new funding from USAID Women’s Global Development and Prosperity Fund for Azerbaijan

19 August 2020 14:27 (UTC +04:00)

Washington, DC - Deputy Administrator of the U.S. Agency for International Development (USAID) Bonnie Glick, U.S. 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 Women’s Global Development and Prosperity (W-GDP) Initiative, established by President Trump in February 2019, US Embassy to Azerbaijan told APA.

USAID/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 W-GDP Fund support of $2 million will help USAID/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. W-GDP funding 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 W-GDP Fund was created to source and scale the most innovative programs to advance women’s economic empowerment. We are leveraging the resources and expertise of the U.S. government and the private sector so that activities have enduring, deep effects on the communities they reach," said Advisor to the President Ivanka Trump.

This year, Azerbaijan joins more than 60 other countries around the world advancing the W-GDP Initiative. W-GDP aims to enhance opportunities for women to participate meaningfully in the economy and advance both prosperity and national security. When women are economically empowered, they re-invest in their families and communities, producing a multiplier effect that spurs economic growth and contributes to global peace and stability.

In February 2019, the White House established the Women’s Global Development and Prosperity (W-GDP) Initiative, the United States’ first whole-of-government approach to women’s economic empowerment. W-GDP seeks to reach 50 million women in the developing world by 2025 by focusing on three pillars – Women Prospering in the Workforce, Women Succeeding as Entrepreneurs and Women Enabled in the Economy. W-GDP leverages a new innovative fund, scaling private-public partnerships which address the three pillars. In its first year alone, W-GDP programs reached 12 million women across the globe.