Microcapital Brief: Uncdf, Women’S World Banking Partner On Digital Financial Inclusion For Women

The United Nations Capital Development Fund (UNCDF) together with the U.southward.A.-based nonprofit Women’second World Banking (WWB) late launched a strategic partnership to increment “access to digital financial services for women too girls, specifically inward emerging markets in add-on to least developed countries.” The goals include to boost sex equality inward the task marketplace as well equally fomenting “sustainable development too economic resilience.” In particular, the partners will promote products specifically designed for women including corporation loans as well as insurance.

During the upcoming yr, UNCDF as well WWB volition run to place ways inwards which they tin can amend “women’moment access to fiscal services inward calorie-gratuitous of the pandemic.” During the following yr, the ii organizations testament gather experts together with partner organizations “aligned [amongst] these recommendations… to deliver concrete, impactful solutions.”

WWB President Mary Ellen Iskenderian said, “Our partnership amongst UNCDF presents an ideal platform from which to advocate to policymakers and financial service providers almost the earth to place 50-50 greater emphasis on putting the fiscal tools inward women’sec hands thus they tin participate likewise contribute economically every fleck equal partners. Only and then testament our societies acquire fairer together with our economies more than stable.”

In partnership amongst 49 institutions inward 31 countries in Africa, Eurasia, Latin America as well as the Caribbean Area, WWB “designs in addition to invests inward the financial solutions, institutions, as well as policy environments inward emerging markets to create greater economic stability besides prosperity for women, their families likewise their communities.” This run falls into the next themes: Women’sec Market Strategy, Digital Product Introductions, Digital Product Optimizations, Non-financial Services, Women-centered Design, Leadership Development, Research, together with Policy & Advocacy. As of 2018, the NGO reported full assets of USD 38 ane thousand yard together with 12-month revenue of USD xv.vi 1 one thousand 1000.

Established inward 1966 yesteryear the United Nations General Assembly, UNCDF industrial constitute closely amongst the United Nations Development Programme. UNCDF endeavors to create opportunities for wretched people as well as their businesses by increasing access to microfinance inwards improver to other forms of investment majuscule. The arrangement operates inward forty countries inward Africa as good as Asia amongst a item commitment to countries emerging from crises. During 2019, UNCDF had a budget of USD 63 1000000 too supported initiatives providing financial services to three 1000000 unbanked inward add-on to underbanked clients.

By Nathan Kiplagat, Research Associate

Sources inwards improver to Additional Resources

WWB homepage


WWB financials 2019


UNCDF homepage


UNCDF annual written report 2019


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