Saudis And The UAE Will Donate $100 Million To A World Bank Fund Inspired By Ivanka Trump


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 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.

“We thought it was a fantastic idea,” Kim said. “But we had no idea how quickly this would build. This is really a stunning achievement. I’ve never seen anything come together so quickly, and I really have to say that Ivanka’s leadership has been tremendous.” The money will help kick off a $1 billion women’s empowerment fund that the World Bank will announce in July, he said.

The UAE’s U.S. ambassador, Yousef Al Otaiba, said in a statement that the promised donation reflects “our commitment to empowering women in our region and builds on the progress we have made in our country, where women play a role in every segment of society.”

Trump often excoriated the Clinton Foundation

The donation raised some eyebrows, since candidate Trump regularly excoriated the Clinton Foundation for accepting donations from repressive Middle East regimes such as Saudi Arabia.

REad MOre…


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