Tags: Trump Administration | Ivanka Trump | Jim Yong Kim | Investment | Women | Global | Gains

Ivanka Trump, Jim Yong Kim: Investment in Women Unleashes Global Gains

Ivanka Trump, Jim Yong Kim: Investment in Women Unleashes Global Gains
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By    |   Wednesday, 26 April 2017 11:56 AM

Female economic empowerment brings dividends for families, businesses and nations, Ivanka Trump and Jim Yong Kim wrote for the Financial Times.

“At the World Bank Group and International Monetary Fund spring meetings last week in Washington, a central theme was how to accelerate sustainable, inclusive economic growth. But as world leaders seek to reignite the global economy, a large part of the formula for growth and stability is undervalued: the economic empowerment of women,” wrote the first daughter of the U.S. and the president of the World Bank Group.

“Only 55 per cent of women participate in the paid labor force globally and they continue to be an untapped source of growth. This is an invaluable asset with proven returns, but we have not invested the resources to unleash women’s full potential. The evidence is overwhelming that supporting women’s economic participation has enormous dividends for families, communities, and whole economies,” they wrote for the FT.

“Yet despite overwhelming evidence of the benefits of investing in female entrepreneurs and women in the workplace, progress has stalled. The World Economic Forum’s 2016 Global Gender Gap Report estimated that achieving economic parity between genders could take 170 years. That is unacceptable,” they wrote.

“Our challenge now is to work together — in public and private sectors — to move decisively to invest in women worldwide.”

For her part, Ivanka Trump denied Wednesday that German Chancellor Angela Merkel is using her friendly relationship with her as a conduit to her father, President Donald Trump.

"I think she sees me as a woman who is aligned with her on many issues," Trump told NBC's Hallie Jackson during an exclusive interview recorded in Berlin, where the first daughter, now officially a senior assistant to the president, was invited by Merkel to speak at a panel discussion.

"I think she has a great relationship with my father," Trump said.

The president is not a popular figure in Germany, said Jackson, mainly because of his call for a travel ban from several predominantly Muslim countries. The ban is in contrast with Germany's practice of opening its borders to Syrian refugees, noted Jackson, and Ivanka Trump made comments during the interview showing she's more open to allowing refugees to enter the United States.

"I think there is a global humanitarian crisis that's happening," she told Jackson."We have to come together and we have to solve it."

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Female economic empowerment brings dividends for families, businesses and nations, Ivanka Trump and Jim Yong Kim wrote for the Financial Times.
Ivanka Trump, Jim Yong Kim, Investment, Women, Global, Gains
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2017-56-26
Wednesday, 26 April 2017 11:56 AM
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