Merkel defends Ivanka Trump for sitting in on G-20 meeting

Elias Hubbard
July 10, 2017

President Donald Trump said Saturday the USA would contribute $50 million to a new World Bank fund conceived by his daughter that aims to help women entrepreneurs access capital and other support.

The daughter of the US President, Ivanka Trump (C), poses with other participants of the panel discussion "Launch Event Women's Entrepreneur Finance Initiative" on the second day of the G20 Summit in Hamburg, Germany, July 8, 2017.

The session was on African development where the World Bank president spoke about a development fund for women. Funding for the facility comes from both the public and private sectors, including global financial organizations, commercial financing foundations, private equity firms, and individuals.

He says, "If she weren't my daughter it would be so much easier for her", adding with a laugh: "That might be the only bad thing she has going, if you want to know the truth". I have to tell you that.

The $50 million contribution from the USA puts America at 'the highest donor level, ' according to a White House official.

Trump also took the opportunity to praise Ivanka Trump, who at one point Saturday was spotted sitting in her father's seat at an official G-20 event after he had left the room. "And it is known that she works at the White House and carries responsibility for certain initiatives", Merkel said (via Fortune).

In true family style, Ivanka Trump's brother, Donald Trump Jr., also jumped to her defense.

A new stream of female leaders, he said, would mean "a lot more competition for people like me" - referring to his real estate career before he entered politics. She took a formal leave of absence from her eponymous brand in January, but kept her ownership stake and moved the assets into a trust.

"This is not a cute little project", World Bank President Jim Yong Kim said at the kick-off, attended by six of the 20 world leaders at the summit, plus leaders from other donor countries and IMF Managing Director Christine Lagarde.

Jared Kushner, Ivanka's husband and a senior adviser, also was present in a number of the president's meeting. There has been widespread criticism on social media.

Women Entrepreneurs Finance Initiative (We-Fi) will enable more than $1 billion in financing to improve access to capital, provide technical assistance, and invest in projects and programs that support women and women-led Small and Medium Entres in World Bank Group client countries.

Other reports by Click Lancashire

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