Global business leaders announce initiatives for women

This past Sunday, at an event co-hosted by the Hüsnü M. Özyegin Foundation, global business leaders came together to discuss the impacts of the ongoing economic crisis on women. The event culminated in the announcement of several new partnerships to support women around the world.

Highlights of the new partnerships and initiatives announced at the event include:

• The Özyegin Foundation and Goldman Sachs will expand the Goldman Sachs 10,000 Women program to Turkey.
• Boeing announced Forum member efforts to track and spend $2 billion over the next three years on goods and services from women-owned businesses in supply chains.
• Belcorp announced a partnership with the World Bank to train 50,000 women in financial literacy in Latin America.
• McKinsey presented their new research, “The Business of Empowering Women,” which maps out potential business sector contributions across women’s life cycles.

At the event, World Bank Managing Director, Ngozi N. Okonjo-Iweala reiterated that "women and girls need to be protected because they are suffering disproportionately from the economic recession."

More information about the World Bank's work on gender, visit the Gender and Development page.