At the WTO Public Forum on September 11, a groundbreaking initiative was unveiled with the launch of the Women Exporters in the Digital Economy (WEIDE) Fund. This global effort is set to enhance opportunities for women entrepreneurs by supporting their access to international trade and digital markets.
The WEIDE Fund was inaugurated with a significant boost from a generous donor, contributing $5 million to support the initiative. This funding marks a pivotal moment in advancing gender equality in global trade, providing crucial resources for women-led micro and small enterprises.
The fund's mission is to empower women entrepreneurs by offering grants and technical assistance aimed at expanding their international business prospects. Business support organizations in developing countries will be selected to manage the fund's distribution, facilitating grants of up to $30,000 and offering additional support to help women thrive in the global marketplace.
Key objectives of the fund include improving access to financial resources, enhancing digital skills, increasing export opportunities, and fostering inclusive business ecosystems. With a target of raising $50 million, the fund will engage with a range of partners, including governments, international organizations, development banks, and philanthropic foundations.
This initiative highlights a significant step forward in creating a more inclusive global trade environment and supporting women entrepreneurs around the world.
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