Women are healthier and better educated than they used to be, but somehow that hasn't translated into the expected surge of economic progress.

That's according to a recent report by the Clinton Foundation, as cited by Fortune. The magazine reports the foundation is partnering with 20 businesses and nonprofits and investing $70 million in women in a bid to close that gap.

The foundation anticipates efforts will impact more than 900,000 people in 60 countries, according to Fortune.

One of the businesses involved in the initiative is Airbnb, which is offering free accommodations through the platform to 160 small business owners and activists who are women. The idea is that covering these accommodation costs will make it easier for these women to attend conferences and networking events that can help them advance their careers.

It's about the hosts, too. Female hosts in some parts of the world are disproportionately entrepreneurial.

"Airbnb execs have found that women hosts tend to re-invest the money they earn from hosting guests to start small businesses, schools, and training programs for other entrepreneurs," states Fortune.

Other companies involved in the initiative with the Clinton Foundation include P&G and Unilever. Also part of the project: nonprofit Catalyst plans to start an annual list of women deemed prime to serve as directors of boards of U.S. corporations.

Published on: Sep 20, 2016