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Women Entrepreneurs Finance Initiative (We-Fi) launched

Women Entrepreneurs Finance Initiative (We-Fi) launched

The Women Entrepreneurs Finance Initiative (We-Fi) donor countries officially launched the Women Entrepreneurs Finance Initiative.

We-Fi, is an innovative new facility to advance women’s entrepreneurship and help women in developing countries increase their access to the finance, markets, technology, and networks necessary to start and grow a business.

Highlights of the initiative:

  • We-Fi aims to leverage donor funding to unlock more than $1 billion in International Financial Institution (IFI) and commercial financing by working with financial intermediaries, funds and other market actors.
  • The response from the international community has been remarkable and immediate, demonstrating the importance of increasing women’s economic empowerment and scaling up efforts to help women open and grow businesses.
  • We-Fi is a collaboration among the governments of Australia, Canada, China, Denmark, Germany, Japan, Netherlands, Norway, Russian Federation, Saudi Arabia, Republic of Korea, United Arab Emirates, the United Kingdom, and the United States.
  • We-Fi fills an important gap and gives us a major global platform to increase access to capital. It is the first significant fund committed to aligning country-level reforms with private investment.
  • We-Fi will build on and implement lessons on what works to start and grow sustainable female owned/led firms, collect key data from the public and private sector, and support innovation and learning for results at scale.
  • By harnessing the public and private sector, We-Fi provides an unprecedented opportunity to ensure that women entrepreneurs in developing countries have a real and fair chance at success.

Some Countries remarks on We fi:

Australia: Getting more women engaged in work is an economic and social priority.

Canada: Canada is proud to support the Women Entrepreneurs Finance Initiative, which helps provide women in developing countries with the tools and resources they need to succeed as business leaders and make a real difference in their communities.

Denmark: We-Fi is innovative. It’s ambitious. And it addresses a critical challenge that has to be addressed if we are to forge sustainable growth globally.

Germany: We know that countries can only succeed if women have equal opportunities and equal rights both in life and in the economy.

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