The second window of the Challenge Fund titled “Fostering innovative business models for women’s financial inclusion” will award up to US$1.8 million in matching grants to projects offering either an innovative approach or scaling-up an existing approach for financial service delivery to women in Cambodia, Lao PDR, Myanmar and Vietnam. Closes 15 April 2016.
We recognize that greater participation by women in national economies can drive economic growth and stability, but how do we increase this participation? Digital financial services present an innovative way to improve women’s economic participation. With digital infrastructure providing increased access to relevant financial services, women are gaining greater control over resources, improving the performance of their enterprises and participating more in market opportunities.
This month we will discuss how national governments, the private sector and the donor community converge around digital financial solutions to advance women’s economic participation and expand innovative financial inclusion.
The presenters will share insights from the recent report to the G20 Partnership for Financial Inclusion: Digital Financial Solutions to Advance Women’s Participation, written by the World Bank Development Research Group, the Better Than Cash Alliance, the Bill & Melinda Gates Foundation and Women’s World Banking. The presenters will also discuss how these insights apply to strengthening market systems to achieve global development goals.
The IFC is hosting an interactive debate on women’s access to finance. Ensuring access to capital for women is pivotal if we want to enable all to participate in the financial system–the goal of the 2020 Financial Inclusion agenda. Recipients of the IFC CEO Gender Award will also be recognized.