$50m fund launched for women entrepreneurs in the developing world
The director general of the World Trade Organisation, Ngozi Okonjo-Iweala, unveiled a $50 million fund on Sunday to assist female entrepreneurs in developing countries in expanding their exports through the digital economy. The announcement preceded the 13th ministerial conference of the WTO scheduled to commence on Feb 29 in the United Arab Emirates. Okonjo-Iweala, in collaboration with the Emirati Minister of State for Foreign Trade Thani al-Zeyoudi, emphasized that the “ground-breaking initiative… reflects our joint dedication to empowering women”. “We require transformative solutions to address the financial challenges faced by women,” she remarked. The fund aims to support women-led businesses in developing nations in embracing digital technologies and enhancing their
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