G20 leaders pledge support to We-Fi initiative

A declaration released on July 10, 2017, by the G20 leaders shows clear support for the launch of the World Bank's Women Entrepreneurs Financing Initiative (We-Fi), a public-private loan program designed to unlock more than US$1 billion in financing for women entrepreneurs and women-owned businesses. We-Fi, which was first announced by German Chancellor Angela Merkel at the Women-20 summit in Berlin, strives to reduce barriers to financial inclusion and increase women's access to capital, markets, and technical assistance.

Initial funding of US$325 million for We-Fi includes significant contributions from Canada, Germany, the US, Saudi Arabia, and the UAE.

Press release - CBC News 

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