The awards support innovative COVID-19 response and recovery efforts related to savings groups, in the areas of women’s livelihoods, voice and leadership, violence against women, digital savings groups and more.
The loan aims to help the bank increase lending for climate-friendly projects and to smaller businesses, especially those owned by women.
The announcement came on International Women’s Day, a worldwide celebration of womanhood and femininity and a focal point in the global movement for women’s rights.
African Development Bank Provides $320,535 to Mainstream Gender in Economic Community of West African States' Digital Financial Operations
The funds will support a gender gap analysis of several West African Monetary Agency strategies including those for financial inclusion; gender disaggregation data analytics; digital payment services and infrastructure; and digital identity.
These loans are intended to support 9,100 people, 90 percent of whom are women, whose livelihoods have been threatened by the effects of the COVID-19 pandemic.
The partnership aims to develop an enhanced digital service offering and support the financial inclusion of marginalized populations, especially women, in developing and emerging countries.
This publication serves as a reference guide for stakeholders interested in applying Women’s Economic Empowerment measurements to their work.
Bill and Melinda Gates Are Now Backing New Digital Payments System in Pakistan to Support Financial Inclusion for Women
The new online payments system, Raast, has been launched to support women who might have been financially marginalized or unable to access modern financial services for a long time.
While economies around the world are reeling from the pandemic’s impact, some segments are disproportionately affected. This is particularly the case for women-owned micro, small and medium enterprises.