Goldman Floats World Bank $50 million for Fund to Help Women Entrepreneurs
Thursday, March 6, 2014
Goldman Sachs chief executive Lloyd Blankfein was in Washington Wednesday to help the World Bank launch a $600 million fund to finance women-owned businesses in developing countries.
The Wall Street powerhouse seeded the fund with a $50 million investment, while the World Bank contributed $100 million through its International Finance Corp. The team hopes to attract other corporate investors and donors to raise the target $600 million.