President Donald Trump is praising a new women's entrepreneurship fund spearheaded by his daughter and the World Bank that will help women access capital, financing and other support.
Trump says that his administration is making a $50 million commitment to the effort at an event held alongside the Group of 20 world leaders' summit in Hamburg, Germany.
He says the group will help eliminate barriers for women to launch businesses and transform "millions and millions of lives."
World Bank Group President Jim Yong Kim announced Saturday that the Women Entrepreneurs Finance Initiative had raised $325 million from governments including the U.S., Germany, Saudi Arabia, the United Arab Emirates and Canada.
Trump says that, "Empowering women is a core value that binds us together."
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