Women's Global Development and Prosperity (W-GDP) Initiative Fund Increases to $100 Million in its First Year and Launches New Partnerships

Speeches Shim

Fact Sheet: Women's Global Development and Prosperity (W-GDP) Initiative Fund Increases to $100 Million in its First Year and La

file icon(172k) Fact Sheet: Women's Global Development and Prosperity (W-GDP) Initiative Fund Increases to $100 Million in its First Year and La

  • In November 2019, Advisor to the President Ivanka Trump and U.S. Agency for International Development (USAID) Administrator Mark Green announced that an additional $50 million in Fiscal Year (FY) 2018 funding had been added for the Women’s Global Development and Prosperity (W-GDP) Fund, increasing the total of $100 million for its first year. The President requested $100 million for the Fund in the most recent Budget for FY 2020, consistent with his commitment in National Security Presidential Memorandum-16 (which established W-GDP), to prioritize the Fund within the President’s Budget and appropriated resources.
  • The W-GDP Initiative was launched by the White House in February 2019 as the first whole-of-government effort to advance global women’s economic empowerment focused on three pillars: women prospering in the workforce, women succeeding as entrepreneurs, and women enabled in the economy. W-GDP seeks to reach 50 million women in the developing world by 2025 through U.S. Government activities, public-private partnerships, and a new, innovative Fund, housed and managed by USAID.
  • The White House-led W-GDP Working Group is comprised of ten U.S. Government agencies working to achieve the Initiative’s goals and objectives: the U.S. Agency for International Development, U.S. Department of State, U.S. Department of Treasury, U.S. Department of Commerce, U.S. Department of Labor, Millennium Challenge Corporation, U.S. Peace Corps, U.S. African Development Foundation, Inter-American Foundation, and the Overseas Private Investment Corporation (soon to be part of the new United States International Development Finance Corporation), as well as White House offices and components, including the U.S. Trade Representative and Office of Management and Budget.
  • In July 2019, W-GDP announced the first round of Incentive Fund awardees —14 new projects amounting to $27 million with more than 200 public- and private-sector partners across 22 countries.
Date 
Wednesday, November 20, 2019 - 12:15pm