CARTAGENA, Colombia, April 13, 2012 /PRNewswire/ -- 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 includes: The WEAmericas Small Grants Initiative In partnership with Secretary Clinton's International Fund for Women and Girls, the Walmart Foundation has pledged $1.5 million to help create the WEAmericas Small Grants Initiative. Over the next two years, the effort will support the dreams of up to 55,000 potential women entrepreneurs in rural and indigenous communities throughout the Americas. Vital Voices Women Entrepreneur Support The Walmart Foundation is donating $500,000 to Vital Voices, an NGO committed to unleashing the leadership potential of extraordinary women around the world. The grant will provide long-term support for women hoping to grow small businesses.