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International Women's Day

Economic opportunity for women: It's good business

Anabel Gonzalez's picture

Achieving gender equality and the economic empowerment of women is both a moral and social imperative — and it's also good business.
 
A study conducted by the McKinsey Global Institute estimates that, if all countries matched the level of progress toward gender equality of the most advanced country in their region, annual global GDP could increase by up to $12 trillion in 2025.
 
Over the past two decades, significant progress has been made toward raising living standards and closing the gap between men and women, particularly in health and education. Life expectancy at birth has risen in tandem with reductions in maternal mortality, while differences in access to primary education between boys and girls are diminishing steadily.
 
These gains — although significant — conceal differences between countries and regions, and are insufficient to ensure equal access to economic opportunities for boys and girls.


 

Financial inclusion of women in five charts

Nina Vucenik's picture

Languages: EspañolFrançais,  عربي


One billion women – more than 40% of the women around the world – don’t have access to formal financial services, according to Global Findex.

The gender finance gap remains at 9% in developing countries, although in some parts of the world it is much higher, according to the 2014 Global Findex data.

Women are 20% less likely than men to have a bank account and 17% less likely to have borrowed money formally.

How financially included are women in the world?


Focusing on Universal Financial Access by 2020 in 25 Countries

To reach financial inclusion, the World Bank Group and partners are focusing on 25 countries where 73% of all financially excluded people live, under the Universal Financial Access by 2020 initiative.

The UFA2020 goal is to enable access for all adults, women and men alike, to a transaction account through which they can access other financial services -- such as savings, credit or insurance -- that can help improve the quality of their lives.



The following 4 charts explain how financially included women are in those 25 countries, according to Findex data.

Celebrating women entrepreneurs on International Women's Day

Cecile Fruman's picture
WomenX – Taking It To Scale – Women At The Helm


It takes a special type of woman to be an entrepreneur.

I didn’t quite know what to expect when, earlier this year, I met with a group of women entrepreneurs in Karachi who are participating in the World Bank Group’s womenX program. I had read a lot about the low numbers of women running businesses in Pakistan, the challenging environment they operate in, and their many constraints. But I was struck by the positivity and drive of the women I met. They shared with me how they are improving their business and financial practices, building their confidence, and expanding their networks.

Take for instance, Mussarat Ishaq, who runs Al-Karam Packages. Mussarat was a Karachi-based housewife, pregnant with her third child, when her husband divorced her. With no work experience, little education, no money and no plan, she learned the ropes of polythene production and with a business partner, started out small – purchasing the raw material from local markets, using outdated machinery to produce plastic bags, and supplying them to small businesses in their area. Today, they have purchased more sophisticated equipment and they employ 250 employees, working to provide low-cost, high-quality, reusable and environment-friendly packaging materials to Pakistani clients.

Partager les expériences pour renforcer l'égalité hommes-femmes en Afrique subsaharienne

Paula Tavares's picture



Le 27 Février, un atelier régional de haut niveau a débuté à Lomé (Togo), avec la participation des ministres en charge de la promotion de la femme et des représentants de 11 pays d'Afrique de l'Ouest et Centrale. Le thème principal de l’atelier était le rapport du Groupe de la Banque mondiale, « Les Femmes, l’Entreprise et le Droit 2014 : Lever les obstacles au renforcement de l’égalité hommes-femmes ». Un dîner de bienvenue précédant l'ouverture officielle de l'événement a révélé le dynamisme des ministres participants - toutes des femmes -, de même que les réalités et enjeux communs à leurs nations. La plupart se réunissaient pour la première fois et cette occasion unique a permis le partage des expériences et des points de vue sur les lois, les normes culturelles et les rôles traditionnels au sein de la famille.

Les discours d'ouverture de l'atelier reflètent bien l'importance de l'égalité hommes-femmes pour la région. En accueillant l'événement, Monsieur Hervé Assah, Représentant Résident de la Banque mondiale au Togo, a noté que : « Sous-investir dans le capital humain que constituent les femmes est un véritable frein à la réduction de la pauvreté et limite considérablement les perspectives de développement sur le plan économique et social ». Ces préoccupations ont été reprises par la Ministre de l'Action Sociale, de la Promotion de la Femme et de l'Alphabétisation du Togo, Mme Dédé Ahoéfa Ekoué, qui a souligné l'importance de la participation des femmes dans la société et dans l'économie, à la fois au Togo et dans le monde. Le ton était donc donné pour cet événement de deux jours, qui visait à la fois à mettre en évidence les récentes réformes adoptées par les pays de la région et à promouvoir le partage d'expériences, les défis et les bonnes pratiques entre les participants pour promouvoir l'inclusion économique des femmes.