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  • 2017-05-30 (xsd:date)
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  • Did Saudi Arabia Give Ivanka Trump a $100 Million Donation? (it)
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  • On 21 May 2017, the web site Resistance Report published an article claiming that the government of Saudi Arabia had donated $100 million to Ivanka Trump's female entrepreneurship fund: A similar version of the story appeared on the USA News Post web site the next day. The Resistance Report cited a 21 May 2017 Wall Street Journal article which stated, more accurately: That article described Trump as an advocate for businesswomen who proposed the fund. A spokesperson for the World Bank told us that Saudi Arabia and the United Arab Emirates had pledged a combined $100 million towards what it called a facility to assist women entrepreneurs in developing countries. The spokesperson emphasized: It will not be a fund, in that we see it providing training, mentoring, and policy advice as well as finance, and confirmed: Trump did champion the idea, and was present at an event in Saudi Arabia, where the World Bank project was announced. Not only will Trump have no role in running or raising funds for the project, there also does not appear to be a way in which she could stand to gain financially from it. The World Bank spokesperson told us: For all these reasons, it's grossly misleading to claim, as the Resistance Report did, that Ivanka Trump got a $100 million donation from Saudi Arabia. This claim is rendered even less accurate by the fact that the figure of $100 million relates to a combined pledged donation from both Saudi Arabia and the United Arab Emirates. (en)
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