World Bank Group Launches Initiatives Supporting Women Entrepreneurs

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href="https://www.bancomundial.org/es/country/bolivia">Español</a></li> </ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/bosniaandherzegovina">Bosnia and Herzegovina</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/botswana">Botswana</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/brazil">Brazil</a> <ul> <li lang="pt"><a class="dropdown-item" href="https://www.worldbank.org/pt/country/brazil">Português</a></li> </ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/bulgaria">Bulgaria</a> <ul> <li lang="bg"><a class="dropdown-item" href="https://www.worldbank.org/bg/country/bulgaria">Български</a></li> </ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/burkinafaso">Burkina Faso</a> <ul> <li lang="fr"><a class="dropdown-item" href="https://www.banquemondiale.org/fr/country/burkinafaso">Français</a></li> </ul> </li> <li><a 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lang="fr"><a class="dropdown-item" href="https://www.banquemondiale.org/fr/country/canada">Français</a></li> </ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/centralafricanrepublic">Central African Republic</a> <ul> <li lang="fr"><a class="dropdown-item" href="https://www.banquemondiale.org/fr/country/centralafricanrepublic">Français</a></li> </ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/chad">Chad</a> <ul> <li lang="fr"><a class="dropdown-item" href="https://www.banquemondiale.org/fr/country/chad">Français</a></li> </ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/chile">Chile</a> <ul> <li lang="es"><a class="dropdown-item" href="https://www.bancomundial.org/es/country/chile">Español</a></li> </ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/china">China</a> <ul> <li lang="zh"><a class="dropdown-item" href="https://www.shihang.org/zh/country/china">中文</a></li> </ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/colombia">Colombia</a> <ul><li lang="es"><a class="dropdown-item" href="https://www.bancomundial.org/es/country/colombia">Español</a></li></ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/comoros">Comoros</a> <ul><li lang="fr"><a class="dropdown-item" href="https://www.banquemondiale.org/fr/country/comoros">Français</a></li></ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/drc">Democratic Republic of Congo</a> <ul><li lang="fr"><a class="dropdown-item" href="https://www.banquemondiale.org/fr/country/drc">Français</a></li></ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/congo">Republic of Congo </a> <ul><li lang="fr"><a class="dropdown-item" href="https://www.banquemondiale.org/fr/country/congo">Français</a></li></ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/costarica">Costa Rica</a> <ul><li lang="es"><a class="dropdown-item" href="https://www.bancomundial.org/es/country/costarica">Español</a></li></ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/cotedivoire">Cote d'Ivoire</a> <ul><li lang="fr"><a class="dropdown-item" href="https://www.banquemondiale.org/fr/country/cotedivoire">Français</a></li></ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/croatia">Croatia</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/eu">Czech Republic</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/denmark">Denmark</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/djibouti">Djibouti</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/caribbean">Dominica</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/dominicanrepublic">Dominican Republic</a> <ul><li lang="es"><a class="dropdown-item" href="https://www.bancomundial.org/es/country/dominicanrepublic">Español</a></li></ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/ecuador">Ecuador</a> <ul><li lang="es"><a class="dropdown-item" href="https://www.bancomundial.org/es/country/ecuador">Español</a></li></ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/egypt">Egypt</a> <ul><li lang="ar"><a class="dropdown-item" href="https://www.albankaldawli.org/ar/country/egypt">عربي</a></li></ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/elsalvador">El Salvador</a> <ul><li lang="es"> <a class="dropdown-item" href="https://www.bancomundial.org/es/country/elsalvador">Español</a></li></ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/equatorialguinea">Equatorial Guinea</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/eritrea">Eritrea</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/estonia">Estonia</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/ethiopia">Ethiopia</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/westerneurope">Europe (Western)</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/pacificislands">Fiji</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/finland">Finland</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/france">France</a> <ul><li lang="fr"><a class="dropdown-item" href="https://www.banquemondiale.org/fr/country/france">Français</a></li></ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/gabon">Gabon</a> <ul><li lang="fr"><a class="dropdown-item" href="https://www.banquemondiale.org/fr/country/gabon">Français</a></li></ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/gambia">The Gambia</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/georgia">Georgia</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/germany">Germany</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/ghana">Ghana</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/greece">Greece</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/caribbean">Grenada</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/guatemala">Guatemala</a> <ul><li lang="es"><a class="dropdown-item" href="https://www.bancomundial.org/es/country/guatemala">Español</a></li></ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/guinea">Guinea</a> <ul><li lang="fr"><a class="dropdown-item" href="https://www.banquemondiale.org/fr/country/guinea">Français</a></li></ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/guineabissau">Guinea-Bissau</a> <ul><li lang="pt"><a class="dropdown-item" href="https://www.worldbank.org/pt/country/guineabissau">Português</a></li></ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/guineabissau">Guyana</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/haiti">Haiti</a> <ul><li lang="fr"><a class="dropdown-item" href="https://www.banquemondiale.org/fr/country/haiti">Français</a></li></ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/honduras">Honduras</a> <ul><li lang="es"><a class="dropdown-item" href="https://www.bancomundial.org/es/country/honduras">Español</a></li></ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/eu">Hungary</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/iceland">Iceland</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/india">India</a> <ul><li lang="hi"><a class="dropdown-item" href="https://www.worldbank.org/hi/country/india">Hindi</a></li></ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/indonesia">Indonesia</a> <ul><li lang="in"><a class="dropdown-item" href="https://www.worldbank.org/in/country/indonesia">Bahasa</a></li></ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/iran">Iran</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/iraq">Iraq</a> <ul><li lang="ar"><a class="dropdown-item" href="https://www.albankaldawli.org/ar/country/iraq">عربي</a></li></ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/israel">Israel</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/italy">Italy</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/jamaica">Jamaica</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/japan">Japan</a> <ul><li lang="ja"><a class="dropdown-item" href="https://www.worldbank.org/ja/country/japan">日本語</a></li></ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/jordan">Jordan</a> <ul><li lang="ar"><a class="dropdown-item" href="https://www.albankaldawli.org/ar/country/jordan">عربي</a></li></ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/kazakhstan">Kazakhstan</a> <ul><li lang="ru"><a class="dropdown-item" href="https://www.vsemirnyjbank.org/ru/country/kazakhstan">Русский</a></li></ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/kenya">Kenya</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/pacificislands">Kiribati</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/korea">Korea</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/kosovo">Kosovo</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/gcc">Kuwait</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/kyrgyzrepublic">Kyrgyz Republic</a> <ul><li lang="ru"><a class="dropdown-item" href="https://www.vsemirnyjbank.org/ru/country/kyrgyzrepublic">Русский</a></li></ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/lao">Lao PDR</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/latvia">Latvia</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/lebanon">Lebanon</a> <ul><li lang="ar"><a class="dropdown-item" href="https://www.albankaldawli.org/ar/country/lebanon">عربي</a></li></ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/lesotho">Lesotho</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/liberia">Liberia</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/libya">Libya</a> <ul><li lang="ar"> <a class="dropdown-item" href="https://www.albankaldawli.org/ar/country/libya">عربي</a></li></ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/lithuania">Lithuania</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/luxembourg">Luxembourg</a> <ul><li lang="fr"><a class="dropdown-item" href="https://www.banquemondiale.org/fr/country/luxembourg">Français</a></li></ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/northmacedonia">FYR of Macedonia</a> <ul><li lang="mk"><a class="dropdown-item" href="https://www.worldbank.org/mk/country/macedonia">македонски</a></li></ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/madagascar">Madagascar</a> <ul><li lang="fr"> <a class="dropdown-item" href="https://www.banquemondiale.org/fr/country/madagascar">Français</a></li></ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/malawi">Malawi</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/malaysia">Malaysia</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/maldives">Maldives</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/mali">Mali</a> <ul><li lang="fr"> <a class="dropdown-item" href="https://www.banquemondiale.org/fr/country/mali">Français</a></li></ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/pacificislands">Marshall Islands</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/mauritania">Mauritania</a> <ul><li lang="fr"><a class="dropdown-item" href="https://www.banquemondiale.org/fr/country/mauritania">Français</a></li></ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/mauritius">Mauritius</a> <ul><li lang="fr"><a class="dropdown-item" href="https://www.banquemondiale.org/fr/country/mauritius">Français</a></li></ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/mexico">Mexico</a> <ul><li lang="es"><a class="dropdown-item" href="https://www.bancomundial.org/es/country/mexico">Español</a></li></ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/moldova">Moldova</a> <ul><li lang="ro"><a class="dropdown-item" href="https://www.worldbank.org/ro/country/moldova">română</a></li></ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/mongolia">Mongolia</a> <ul><li lang="mn"><a class="dropdown-item" href="https://www.worldbank.org/mn/country/mongolia">Монгол</a></li></ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/montenegro">Montenegro</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/morocco">Morocco</a> <ul> <li lang="ar"><a class="dropdown-item" href="https://www.albankaldawli.org/ar/country/morocco">عربي</a></li> <li lang="fr"><a class="dropdown-item" href="https://www.banquemondiale.org/fr/country/morocco">Français</a></li> </ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/mozambique">Mozambique</a> <ul><li lang="pt"><a class="dropdown-item" href="https://www.worldbank.org/pt/country/mozambique">Português</a></li></ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/myanmar">Myanmar</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/namibia">Namibia</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/nepal">Nepal</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/netherlands">Netherlands</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/nicaragua">Nicaragua</a> <ul><li lang="es"><a class="dropdown-item" href="https://www.bancomundial.org/es/country/nicaragua">Español</a></li></ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/niger">Niger</a> <ul><li lang="fr"><a class="dropdown-item" href="https://www.banquemondiale.org/fr/country/niger">Français</a></li></ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/nigeria">Nigeria</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/norway">Norway</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/gcc">Oman</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/pakistan">Pakistan</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/pacificislands">Palau</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/panama">Panama</a> <ul><li lang="es"><a class="dropdown-item" href="https://www.bancomundial.org/es/country/panama">Español</a></li></ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/png">Papua New Guinea</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/paraguay">Paraguay</a> <ul><li lang="es"><a class="dropdown-item" href="https://www.bancomundial.org/es/country/paraguay">Español</a></li></ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/peru">Peru</a> <ul><li lang="es"><a class="dropdown-item" href="https://www.bancomundial.org/es/country/peru">Español</a></li></ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/philippines">Philippines</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/poland">Poland</a> <ul><li lang="pl"><a class="dropdown-item" href="https://www.worldbank.org/pl/country/poland">Polski</a></li></ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/portugal">Portugal</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/gcc">Qatar</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/romania">Romania</a> <ul><li lang="ro"><a class="dropdown-item" href="https://www.worldbank.org/ro/country/romania">Română</a></li></ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/russia">Russia</a> <ul><li lang="ru"><a class="dropdown-item" href="https://www.vsemirnyjbank.org/ru/country/russia">Русский</a></li></ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/rwanda">Rwanda</a> <ul><li lang="fr"> <a class="dropdown-item" href="https://www.banquemondiale.org/fr/country/rwanda">Français</a></li></ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/pacificislands">Samoa</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/saotome">Sao Tome and Principe</a> <ul><li lang="pt"><a class="dropdown-item" href="https://www.worldbank.org/pt/country/saotome">Português</a></li></ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/senegal">Senegal</a> <ul><li lang="fr"> <a class="dropdown-item" href="https://www.banquemondiale.org/fr/country/senegal">Français</a></li></ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/serbia">Serbia</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/seychelles">Seychelles</a> <ul><li lang="fr"><a class="dropdown-item" href="https://www.banquemondiale.org/fr/country/seychelles">Français</a></li></ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/sierraleone">Sierra Leone</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/singapore">Singapore</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/eu">Slovak Republic</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/eu">Slovenia</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/pacificislands">Solomon Islands</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/somalia">Somalia</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/southafrica">South Africa</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/southsudan">South Sudan</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/spain">Spain</a> <ul><li lang="es"><a class="dropdown-item" href="https://www.bancomundial.org/es/country/spain">Español</a></li></ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/srilanka">Sri Lanka</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/caribbean">St. Kitts and Nevis</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/caribbean">St. Lucia</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/caribbean">St. Vincent and Grenadines</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/sudan">Sudan</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/caribbean">Suriname</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/eswatini">Swaziland</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/sweden">Sweden</a> </li> <li><a class="dropdown-item" 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=$('title').text(); subject = encodeURIComponent(subject); $('#wbgmailto').attr('href','mailto:'+'?body='+body+'&subject='+subject); }); </script> </div> <div class="newslogo section"> </div> <div class="c02v2_multimedia section"> </div> <hr class="hidden-lg hidden-md"> <div class="redesign_static_content section"> <section id =""> <div class="c14v1-body c14v1-body-covid c14v1-body-text flipboard-keep " > <p><b>DUBAI, February 16, 2020 </b>— The World Bank Group announced two new initiatives to improve access to start-up financing and e-commerce markets for women entrepreneurs, at the Women Entrepreneurs Finance Initiative (We-Fi) Middle East and North Africa (MENA) Summit.</p><p><i>“Starting and growing a business is one of the most powerful tools for women to overcome poverty and build better lives for themselves, their families, and their communities,” </i>said <b>David Malpass, World Bank Group President</b><i>. “Removing regulatory barriers along with obstacles to access to finance and markets can give women-led businesses the opportunity to succeed.”</i></p><p>We-Fi, housed at the World Bank, has so far allocated close to US$250 million to tackle challenges women entrepreneurs face in developing countries. The allocations aim to reach 114,000 women entrepreneurs. We-Fi is a powerful catalyst for additional investment, helping mobilize more than US$2.6 billion in additional public and private sector funds.</p><p>At the We-Fi MENA Regional Summit, held during the Global Women’s Forum Dubai 2020, the International Finance Corporation (IFC) and We-Fi launched the ScaleX program to incentivize accelerators to support start-up businesses led by women. IFC research shows that women entrepreneurs in emerging markets face a daunting gender finance gap with only 11% of enterprises that actually attain seed funding being female-led.  New research shows that despite women leading half the start-ups that participate in accelerators—entities designed to train and support the development of start-ups to become investment ready—they continue to face greatly unequal access to capital<i>.</i></p><p>The program will incentivize emerging markets accelerators to work with women-led businesses by providing performance-based payments of US$25,000 for every woman entrepreneur that raises US$1 million from investors in start-up funding<b>. </b></p><p><i>"We are launching the ScaleX program to help women entrepreneurs in emerging markets to access funding at a crucial stage to grow their businesses,” </i>said <b>Sérgio Pimenta, IFC Regional Vice President for the Middle East and Africa<i>.</i></b><i> “This is a win-win for accelerators, investors, and women entrepreneurs.”</i></p><p>The World Bank and UPS also announced today a new partnership to help women entrepreneurs in the Middle East and North Africa region to grow their businesses by assisting them in successfully leveraging e-commerce platforms.</p><p><i>“By making e-commerce platforms more accessible, this partnership addresses a key constraint faced by women business leaders in reaching new markets,” </i>said <b>Ferid Belhaj, World Bank MENA Vice President</b><i>. “E-commerce platforms create opportunities, and we must ensure these opportunities are open to women-owned businesses across the region.”</i></p><p>UPS will provide e-learning modules on different e-commerce topics to help women-owned and women-led small and medium enterprises seeking to expand their businesses across borders. The project will support an estimated 750 women entrepreneurs and will train a cadre of e-commerce advisors in each country who can provide tailored assistance and coaching to businesses. The partnership will work with entrepreneurs in Algeria, Djibouti, Egypt, Jordan, Lebanon, Morocco, and Tunisia.</p><p>We-Fi has made allocations to programs being implemented by the African Development Bank, the Asian Development Bank, the European Bank of Reconstruction and Development, the Inter-American Development Bank. the Islamic Development Bank, and the World Bank Group. The World Bank and IFC We-Fi programs (US$75 million in allocations) are working with private and public partners in 24 countries via 27 investment and advisory projects to enable women entrepreneurs to access finance and markets and amplify those efforts with global research, partnerships, and policy advocacy.</p><p>For more information about IFC’s ScaleX initiative: <a target='_blank' href="https://www.ifc.org/scalex">https://www.ifc.org/scalex</a></p><p> </p><p>The Women Entrepreneurs Finance Initiative (We-Fi) is a groundbreaking partnership that aims to unlock financing for women-led businesses in developing countries. We-Fi’s partners include 14 donor governments, six multilateral development banks as implementing partners, and numerous other stakeholders in the public and private sector around the world. We-Fi takes an ecosystem approach to removing barriers to women’s economic empowerment, addressing constraints and opportunities related to finance, market access, capacity and the enabling environment.</p> </div></section> <script type="text/javascript"> $(document).ready(function(){ $(".c14v1-body table").find("td").find("div.c14v1-full").closest("td").addClass("width30"); }); </script> <div class="clearfix"></div> </div> <hr> <div class="press_release_no parbase section"> <div class="_loop_press_release section"> <span class="press_release_title">PRESS RELEASE NO:</span> <span class="press_release_number">2020/118/We-Fi</span> </div> </div> <hr> <div class="redesign_title parbase section"> <style> .heading-v1-center .lock-icon { color: #fff; border: 2px solid #fff; } </style></div> <div class="gridlayout parbase section"> <div class="row "> <div class="col-md-6 colsplit" id=""> <div class=" "> <div class="grid_6_par_0 parsys"> <div style="padding-left:0px;padding-right:0px;" class="remove-padding-grid" > <div class="country_contacts parbase section"> <div class="row_no_pad"> <h3 class='h3'>Contacts</h3> <div class="contacts-wrapper"> <h5>In Dubai:</h5> <address> Ashraf Al-Saeed<br/> </address> <div class="display contactPerson"> <span class="tel"> (202) 473-1187.<br/> </span> </div> <a data-customlink="em:body content" data-text="Email" href="mailto:alsaeed@worldbank.org"> alsaeed@worldbank.org</a><br/> </div>  <div class="contacts-wrapper">  <h5>For We-Fi (Dubai): </h5> <address> Angela Bekkers <br/> </address> <div class="display contactPersonHQ"> <span class="tel"> +1 202 294 7155 <br/> </span> </div> <a data-customlink="em:body content" data-text="Email" href="mailto:abekkers@worldbankgroup.org"> abekkers@worldbankgroup.org</a> </div>   <div class="contacts-wrapper"> <h5>For IFC (Washington, DC): </h5> <address> Kelly Alderson <br/> </address> <div class="display"> <span class="tel"> +1 202 473 4601<br/> </span> </div> <a data-customlink="em:body 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World Bank Group Launches Initiatives Supporting Women Entrepreneurs