Browse by Theme: Private Sector

So we did it. On Friday the world gathered in New York, flags were raised for 193 countries including Palestine and the Vatican for the first time, and to universal acclamation the new Sustainable Development Goals were gavelled into existence. What had taken three years of hard negotiation, impassioned argument and long technical nit-picking were suddenly a reality.

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Financial inclusion is a key enabler for the Sustainable Development Goals – but its key role will only be fulfilled if civil society, government and the private sector can work together really effectively.

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On Friday 25 September, together with DFID and UN Women, CARE will bring together government, international organisations, business and civil society at the ‘Transforming Economies: Empowering Women and Girls’ event (during the UNGA summit to approve the new Sustainable Development Goals). Participants come in their roles as leaders, decision makers, and activists. On Friday hopefully they will also come as change makers.

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The private sector is a main actor involved in women’s economic empowerment in rural value chains: large traders, retailers or manufacturers often hold the keys to improving women’s access to extension services, financial services, input provision, market information and technology. They also have the negotiating power to help put gender equality on the agenda of producers’ associations and cooperatives.

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We are delighted to announce a joint event between CARE,  GlaxoSmithKline (GSK) and Overseas Development Institute on Strengthening maternal and child health in Asia: Innovative partnerships and approaches in the SDGs era. This is a public event and you can register to attend in person or to watch a live stream online.

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We at CARE International are excited by some recent research by McKinsey, the leading global strategy consultancy, which highlights that “a bigger deposit base routinely results in a higher valuation [of a bank]. The data show that this is a very reliable driver of an improved market-to-book ratio.” We think that the research adds considerable weight to the business case for banks in developing countries to add large amounts of new savers who are currently in informal savings and loan groups.

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The World Bank Group has been consulting on its plan to update its Gender Strategy. We decided to focus our response to the consultation largely on women’s economic empowerment as a critical component of women’s empowerment and gender equality, and within women’s economic empowerment, at financial inclusion.

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