A multilateral coalition of public and private sector investors yesterday pledged to invest US$20 billion in women’s economic empowerment over the next three years, under the 2X Challenge.
The announcement came at the close of the G7 Leaders’ Summit in Italy, with the official communique affirming support from among the grouping’s development and multilateral finance institutions:
“Recognising the success of the 2X Challenge, we welcome the new collective commitment by our Development and Multilateral Finance Institutions and other members of 2X Global, to invest at least USD 20 billion in gender lens investing in developing countries, encouraging investments at the nexus of gender and climate finance.