2x Challenge to raise $ 15 billion for women-led businesses

The 2x Challenge will raise $ 15 billion by 2022 to benefit women-led businesses. After raising $ 7 billion between 2018 and 2019, surpassing its initial objective of raising $ 3 billion by 200%, the initiative founded by several G7 development institutions (CDC, United Kingdom; Proparco, France; JICA and JBIC, Japan; DFC, US; FinDev Canada, Canada; DEG, Germany and CDP, Italy) is stepping up a gear. Over the past 3 years, over 200 transactions have qualified for a 2X investment.

So far, companies in Latin America have secured the most 2X funding, followed by sub-Saharan Africa where the volume of transactions has quadrupled in the past 12 months. The founders of the 2X Challenge said today that the new, much more ambitious goal is anchored from a gender lens to help women access good quality jobs, build resilient businesses and manage devastating impacts. of the COVID-19 pandemic.

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