SEATTLE, Washington — The Trump administration established the Women’s Global Development and Prosperity Initiative (W-GDP) in 2019. The goal of W-GDP is to empower women globally by increasing women’s participation in the labor force. There are a number of programs working through W-GDP to provide women with the resources for empowerment.
Women who are economically empowered positively affect economic growth by investing in their families and communities. The W-GDP aims to help 50 million women in developing countries by 2025. They intend to increase the female role in the global workforce by providing them proper education, training, and support to ensure that they succeed in their own labor forces. By investing in women, the W-GDP will close gender gaps to encourage economic growth and reduce poverty.
USAID partnered with the W-GDP and manages the central W-GDP fund. It has allocated $27 million for 14 different projects in developing countries worldwide. Ultimately, each project aims to help more than 100,000 women. The various projects will reach women in 22 different countries and provide aid in the form of jobs, technology, vocational training and entrepreneurship.
The Five Foundational Factors
When countries practice gender equality in the workplace, they experience a higher level of growth and stability. In Africa, only 5 percent of women are CEOs. However, African businesses with the most female
board members earn 20 percent more profit than industry averages. When women are successful their families, communities and nations benefit. When women lack equality, the country is more likely to be involved in a conflict.
Globally, legal barriers stunt the economic empowerment of women. The W-GDP focuses its efforts on several aspects of women’s rights. It supports the ability of women to access institutions that have previously banned them, such as courts and other administrative institutions. The W-GDP works towards providing equal access to credit and capital that can help initiate entrepreneurial endeavors for women as well as lifting restrictions that exclude women from owning or leasing property. Finally, it wants to remove travel constraints and employment restrictions to ensure that women have the legal and policy protections that they need to achieve economic equality.
Partners of the W-GDP
The Women’s Global Development and Prosperity Initiative is not working alone. In fact, several organizations are working together to help achieve these goals. Here is a list of several of the W-GDP partners.
- 2X – 2X is an organization that focuses on providing jobs and financial services to women in the developing world. It has mobilized more than $1 billion globally.
- We-Fi – The Women Entrepreneurs Finance Initiative is an international partnership that supports women entrepreneurs in developing countries.
- WomenConnect Challenge – WomenConnect Challenge is bringing digital connectivity to women in order to increase their participation in the global economy.
- International Visitor Leadership Program – This program brings global participants to the United States to brainstorm goals of reducing restrictive barriers on women.
- U.S. African Development Foundation – The foundation has generated $100 million in new, local economic activities in struggling communities across Africa. It invests in fragile areas in order to create sustainable growth.
- Inter-American Foundation – The Inter-American Foundation offers small investments to facilitate growth in Latin America and the Caribbean.
- Peace Corps – The Peace Corps spreads awareness and recruits volunteers to help fulfill the need for trained men and women to work in developing countries.
- The Internation Development Finance Corporation – Former OPIC, this corporation facilitates investments from American businesses in emerging markets and provides tools to manage associated risks.
- Millennium Challenge Corporation – The Millennium Challenge Corporation aids in sustainable growth and poverty reduction by investing and research.
The goal of the Women’s Global Development and Prosperity Initiative is to empower women globally by increasing women’s participation in the labor force. Its partners seek to empower women by releasing legal restrictions and by providing tools that aid in their economic success. This plan will help more than 50 million women by 2025 and will continue to empower women for the years to come.
– Lisa Di Nuzzo