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Women Exporters in the Digital Economy (WEIDE) Fund

Facts for Prelims (FFP)

 

Source: WTO

 

Context: The World Trade Organization (WTO) and the International Trade Centre (ITC) have jointly launched a USD 50 million global fund called the Women Exporters in the Digital Economy (WEIDE) Fund.

  • The aim of this fund is to assist women-led businesses and women entrepreneurs in developing economies and least-developed countries in adopting digital technologies and expanding their online presence.
  • The United Arab Emirates (UAE) has allocated USD 5 million as the first donor to the fund.

 

Additionally, the ITC hosted the SheTrades Summit, bringing together women entrepreneurs, global business leaders, and development partners to discuss solutions to challenges faced by women in accessing new markets in the digital trading system.