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UN launches a Women Enterprise Recovery Fund
The United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) and the United Nations Capital Development Fund (UNCDF), with support from the Dutch Entrepreneurial Development Bank (FMO), the Government of Canada, and Visa Inc. have launched a ‘Women Enterprise Recovery Fund: Promoting and Upscaling Digital Solutions for Enhancing Women Enterprise Growth and Resilience’.
“Through this Fund, we will support innovative business solutions that address the constraints faced by women enterprises in South and South-East Asia. These solutions are especially crucial today as we know women enterprises have suffered disproportionately from COVID-19. Now is the opportunity to innovate and find solutions that recover better and build resilience. UNCDF is grateful to ESCAP, the Australian Department of Foreign Affairs and Trade, Government of Canada, the Dutch Entrepreneurial Development Bank (FMO) and Visa Inc. for their collaboration and support to advance women enterprises through this Innovation Fund mechanism,” said UNCDF Deputy Executive Secretary Xavier Michon.