SIFEM - Swiss Investment Fund for Emerging Markets

USD 4.5 billion for the 2X Challenge – initial target exceeded

Just two years after the launch of the 2X Challenge at the G7 Charlevoix Summit in Canada, the 2X Challenge for women’s economic empowerment has exceeded its initial target by committing and mobilising USD 4.5 billion in capital, surpassing comfortably the initial target of USD 3 billion by the end of 2020.

The initiative – which SIFEM joined in October 2019 – will unlock resources that will help advance women in emerging markets as entrepreneurs, as business leaders, as employees and as consumers of products and services that enhance their economic participation.