Wednesday, March 5, 2014
Goldman Sachs and the World Bank will partner to raise $600 million in support of female entrepreneurs in developing countries, reports The Chronicle of Philanthropy.
Wall Street firm Goldman Sachs and the World Bank will unveil an initiative Wednesday to raise $600-million in capital for 100,000 female entrepreneurs in the developing world, the Financial Times reports.
Goldman will provide $50-million in seed money for the venture, which builds on the banking giant’s 10,000 Women venture to provide business education in developing countries. The World Bank’s International Finance Corporation is putting up $100-million….