Browse by Theme: Private Sector

I recently visited Ghana with a team of Mondelēz International Ambassadors to understand the Cocoa Life value chain from seeds to farming to trading and processing. It was great to see an innovative, inclusive business model in action, driving sustainability for the world’s largest snacking company AND improving the livelihoods of poor cocoa farmers. During the visit I saw for myself how a vibrant value chain is stronger than the sum of its partners; and why it’s important for businesses to address gender inequality and financial exclusion. I also learnt a lot about chocolate!

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There is an irony to current thinking on the private sector and peacebuilding.

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Thursday 22nd September at the United Nations General Assembly was a tremendous moment for the global women’s economic empowerment agenda. Not only did Ban Ki Moon become the first Secretary General to declare himself a feminist (for which he received a rousing standing ovation), it was also the launch of the first report by the UN Secretary General’s High Level Panel on Women’s Economic Empowerment.

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Unless women have more empowerment, autonomy, and access to resources, we are not going to achieve change. Those are the words of Luis Guillermo Solís, President of Costa Rica and women’s economic empowerment advocate, speaking at an event on financial inclusion co-hosted by CARE and Women’s World Banking at the UN (21 September 2016). Our event was followed by the release of the report of the UN High Level Panel on Women’s Economic Empowerment – so what actually needs to happen for a radical step change in accelerating women’s economic empowerment?

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Growing Together, a new report launched on 29 September by CARE, SABMiller, the Harvard Kennedy Corporate Responsibility Initiative and Business Fights Poverty, sets out why businesses should take a much more proactive and collaborative approach to supporting the micro-enterprises in their value chains, and provides practical support to doing so.

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CARE’s focus on women’s economic empowerment is based on our belief in women’s rights and the key role that economic empowerment plays in the achievement of those rights, some of them inherent in economic empowerment itself and others to which economic empowerment provides a bridge. But we know that as we engage with government, donors and the private sector, it always helps to have a strong economic argument on our side, and once again the IMF have provided one.

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Are financial institutions in emerging economies adapting their business models fast enough to tap into the market of the currently unbanked? And if not, why not?

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