CARTAGENA, Colombia, April 13, 2012 – U.S. Secretary of
State Hillary Clinton and Walmart announced today an initiative that
will empower up to 55,000 women in Latin America and the Caribbean to
build businesses and take control of their futures. In addition, Walmart
will work with the Inter-American Development Bank (IDB) to provide job
training and help with job placement for nearly 1 million young people
in these regions, at least half of whom will be young women.
“These partnerships will not only change the lives of the women we’ll reach, but also improve the lives of their families and their entire communities,” said Walmart President and CEO Mike Duke, who joined Secretary Clinton at the Sixth Summit of the Americas in Cartagena, Colombia today. “When we launched our Global Women’s Economic Empowerment Initiative last year, we committed to helping women around the world live better. By working with leaders like Secretary Clinton, we’re bringing that mission to life.”
Walmart’s $12 million commitment to Secretary Clinton’s International Fund for Women and Girls, the IDB and other NGOs.
The IDB expects its NEO Initiative to empower roughly 1 million young people to take control of their futures over the next 10 years. At least half of those served will be young women.
“As a founding member of our NEO initiative, Walmart is demonstrating a visionary commitment to training youth in our region for 21st century jobs and promoting greater gender balance,’’ said IDB President Luis Alberto Moreno. “We are proud to have Walmart as a partner and hope their example will serve as an inspiration to other companies to join the NEO Initiative.”
Today’s announcement supports key goals under Walmart’s Global Women’s Economic Empowerment Initiative, launched in September 2011.
“These partnerships will not only change the lives of the women we’ll reach, but also improve the lives of their families and their entire communities,” said Walmart President and CEO Mike Duke, who joined Secretary Clinton at the Sixth Summit of the Americas in Cartagena, Colombia today. “When we launched our Global Women’s Economic Empowerment Initiative last year, we committed to helping women around the world live better. By working with leaders like Secretary Clinton, we’re bringing that mission to life.”
Walmart’s $12 million commitment to Secretary Clinton’s International Fund for Women and Girls, the IDB and other NGOs.
The New Employment Opportunities (NEO) Initiative
Walmart will translate and provide its Walmart Brazil Social Retail School curriculum to the IDB’s NEO Initiative. The retailer also committed to continuing its partnership in Brazil with governments and NGOs for the next five years, graduating thousands of new students. Combined, this support is valued at more than $10 million.The IDB expects its NEO Initiative to empower roughly 1 million young people to take control of their futures over the next 10 years. At least half of those served will be young women.
“As a founding member of our NEO initiative, Walmart is demonstrating a visionary commitment to training youth in our region for 21st century jobs and promoting greater gender balance,’’ said IDB President Luis Alberto Moreno. “We are proud to have Walmart as a partner and hope their example will serve as an inspiration to other companies to join the NEO Initiative.”
Today’s announcement supports key goals under Walmart’s Global Women’s Economic Empowerment Initiative, launched in September 2011.
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