The Women Entrepreneurs Finance Initiative (We-Fi) – announced at the G20 Leaders’ Summit in July 2017 and launched at the Bank-Fund Annual Meetings in October – creates an unprecedented opportunity to harness the public and private sectors to open new doors for women entrepreneurs across the developing world.
With funding of over $340 million from fourteen governments, this collaborative partnership among governments, multilateral development banks (MDBs), and other stakeholders has been designed to unlock financing for women-led/owned businesses in developing countries, including in the most challenging environments. We-Fi will support women entrepreneurs by scaling up access to financial products and services, building capacity, expanding networks, offering mentors, and providing opportunities to link with domestic and global markets.
It will also assist governments in creating enabling environments for women in business.
