World Bank Unveils Ambitious Gender Strategy to Boost Women's Economic Empowerment
Thursday, Oct 24, 2024 11:10 pm ET
1min read The World Bank Group has taken a significant step towards promoting gender equality and economic empowerment by unveiling its Gender Strategy 2030. The strategy, announced at the 2024 World Bank Group Annual Meetings, aims to accelerate women's participation in the global economy by focusing on broadband access, social protection, and access to capital.
By 2030, the World Bank Group aims to enable 300 million more women to use broadband, support 250 million women with social protection programs, and provide 80 million more women and women-led businesses with capital. These ambitious targets aim to address the unique challenges faced by women in underserved regions and promote digital inclusion.
To address the digital divide, the World Bank will prioritize investments in countries with the largest connectivity and financial gaps, emphasizing gender equality in digital inclusion. This will involve advocating for policy reforms to facilitate private investment and build infrastructure in underserved areas.
Linking digital cash transfers with skills training, business capital, and market access will be crucial for sustaining women's economic opportunities. The World Bank plans to expand social protection programs by investing in digital social registries and leveraging digital cash transfers to equip women with the tools for sustained economic opportunities.
To prevent gender biases in lending practices and strengthen the capacity of women entrepreneurs, the World Bank will collaborate with regulators, financial institutions, and private sector entities. This will involve addressing gender biases in lending practices, strengthening female entrepreneurs' capacity, and improving access to credit and equity.
The World Bank's focus on gender equality in digital inclusion will address the unique challenges faced by women in underserved regions. By bridging the digital divide, women will gain access to essential services, financial services, education, and job opportunities. Linking digital cash transfers with skills training and market access will empower women to build sustainable businesses and create long-term economic opportunities.
The expected outcomes of these interventions include progress in ending all forms of gender-based violence, stronger and more resilient human capital, more and better jobs, greater ownership and use of economic assets, wider access to and use of enabling services, and advances in women's participation in decision-making.
To measure the success of these interventions, the World Bank will track key performance indicators (KPIs) such as the number of women enabled to use broadband, the number of women supported by social protection programs, and the number of women and women-led businesses provided with capital. These KPIs will help monitor progress towards the 2030 targets and ensure accountability in achieving gender equality and economic empowerment for all.
By 2030, the World Bank Group aims to enable 300 million more women to use broadband, support 250 million women with social protection programs, and provide 80 million more women and women-led businesses with capital. These ambitious targets aim to address the unique challenges faced by women in underserved regions and promote digital inclusion.
To address the digital divide, the World Bank will prioritize investments in countries with the largest connectivity and financial gaps, emphasizing gender equality in digital inclusion. This will involve advocating for policy reforms to facilitate private investment and build infrastructure in underserved areas.
Linking digital cash transfers with skills training, business capital, and market access will be crucial for sustaining women's economic opportunities. The World Bank plans to expand social protection programs by investing in digital social registries and leveraging digital cash transfers to equip women with the tools for sustained economic opportunities.
To prevent gender biases in lending practices and strengthen the capacity of women entrepreneurs, the World Bank will collaborate with regulators, financial institutions, and private sector entities. This will involve addressing gender biases in lending practices, strengthening female entrepreneurs' capacity, and improving access to credit and equity.
The World Bank's focus on gender equality in digital inclusion will address the unique challenges faced by women in underserved regions. By bridging the digital divide, women will gain access to essential services, financial services, education, and job opportunities. Linking digital cash transfers with skills training and market access will empower women to build sustainable businesses and create long-term economic opportunities.
The expected outcomes of these interventions include progress in ending all forms of gender-based violence, stronger and more resilient human capital, more and better jobs, greater ownership and use of economic assets, wider access to and use of enabling services, and advances in women's participation in decision-making.
To measure the success of these interventions, the World Bank will track key performance indicators (KPIs) such as the number of women enabled to use broadband, the number of women supported by social protection programs, and the number of women and women-led businesses provided with capital. These KPIs will help monitor progress towards the 2030 targets and ensure accountability in achieving gender equality and economic empowerment for all.
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