World Bank Group launches initiatives supporting women entrepreneursnbsp; – ZAWYA

World Bank Group launches initiatives supporting women entrepreneursnbsp; – ZAWYA

"Starting and growing a business is one of the most powerful tools for women to overcome poverty and build better lives for themselves, their families, and their communities," said David Malpass, World Bank Group President. DUBAI - The World Bank Group announced two new initiatives to improve access to start-up financing and e-commerce markets for women entrepreneurs, at the Women Entrepreneurs Finance Initiative (We-Fi) Middle East and North Africa (MENA) Summit held on the sidelines of Global Women's Forum Dubai 2020.. At the We-Fi MENA Regional Summit, held during the Global Women's Forum Dubai 2020, the International Finance Corporation (IFC) and We-Fi launched the ScaleX program to incentivize accelerators to support start-up businesses led by women.. The program will incentivize emerging markets accelerators to work with women-led businesses by providing performance-based payments of US$25,000 for every woman entrepreneur that raises US$1 million from investors in start-up funding.. We are launching the ScaleX program to help women entrepreneurs in emerging markets to access funding at a crucial stage to grow their businesses," said Sérgio Pimenta, IFC Regional Vice President for the Middle East and Africa. ". The World Bank and UPS also announced today a new partnership to help