Browse by Theme: Financial Inclusion

We often talk about providing people with skills, knowledge and tools so they can improve their lives – but sometimes the impact is hard to quantify. So how does the fact that more than 90% of women’s businesses grew over the course of the Skilling for Change programme sound?

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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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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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Women’s economic empowerment is one of four priority areas for CARE’s work, as set out in the CARE 2020 Program Strategy. This strategy on women’s economic empowerment sets out what CARE will do to meet our aim of 30 million women having greater access to and control over economic resources by 2020.

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The current UN High Level Panel on Women’s Economic Empowerment is highlighting the major attention being paid by governments, the development community and others to the importance of women’s economic empowerment to tackling poverty and ensuring women achieve the target of gender equality which the world has agreed to as Sustainable Development Goal 5.

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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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