Presentation on theme: "Enhancing Women Entrepreneurship"— Presentation transcript:
1 Enhancing Women Entrepreneurship Chikako KunoChair EBRD Gender Steering Group
2 ObjectiveIncrease the economic participation and decision-making roles of women in the private sector.
3 Gender and EBRDGender equality is an important component of the development and transition processPart of the Millennium Development GoalsEBRD is committed to expanding opportunities for women and promoting gender equalityImpact of transition on women has varied by country and by issue-area
5 Impact of transition: labour market “separation” Women’s labour participation declined at the start of the transition, but has since recoveredWomen now have lower unemployment rates than men, except in CIS+MWomen are more in favour of state involvement, particularly in the social arenaWomen tend to be less satisfied with their livesCEBSEECIS+MSource: World Development Indicators 2006
6 Impact of transition: Labour market “separation” Source: World Development Indicators 2006
7 Impact of transition: Wage equality has diminished SwedenUKFranceUSAItalySloveniaKyrgyz RepMoldovaMongoliaHungaryUzbekistanFYRMRomaniaSlovak R.AlbaniaKazakhstanBulgariaCzech RepublicLatviaPolandCroatiaRussiaEstoniaGeorgiaUkraineLithuania0.450.550.650.750.850.95Wage EqualityMore wage inequality in less advanced transition countriesWage differentials between men and women have increasedDifferences cannot be easily explained by job type or productivityGender discrimination is evident from quantitative and qualitative studiesLabour Force Participation
8 Impact of transition: Quality of employment has changed Women have moved into unpaid caring professionsMore women are in white collar than blue collar professionsMany women have become self-employed, partly out of necessityThere are still fewer female than male entrepreneurs
9 Impact of transition: Access to finance More female managers have difficulty securing a bank loanFemale managed firms charged higher interest rates in some countriesFinancial development may lead to lower levels of gender bias in bank lendingMore needs to be done to understand constraints and opportunities for female entrepreneurshipShare of businesses without a bank loanSource: BEEPS, 2005
10 Objectives pursued with the GAP Effectively mainstream gender into the EBRD’s operationsIntegrate women as:Decision-makersWorkersBeneficiaries of growthEmpower women (on boards, at work, in society)Leverage the EBRD’s effectiveness in working with private sectorSeek opportunities - with staff & clients - to produce positive outcomes in the area of gender
11 The Bank today New Environmental and Social Policy Demonstration incorporates genderDemonstrationBanking operationsSmall Business FinanceCorporate Governance BoardsInfrastructure (MEI)TrainingTAM/BAS Advisory
12 Boards (Investee Companies, Financial Institutions) Bank’s nominee directors are women in 112 (41%) out of 275 approved Supervisory Board seats.High women representation
13 Recognising Women Bank is developing a focussed initiative on women Annual Meeting Women in Business PanelRecognising outstanding womenMining projects: when investing into mining projects, giving heed to women’s concerns and needs allows the mining company to operate in a stable and predictable community, where women can also become.consumers, local conflicts are reduced, community programs offered more successful,Focuses upon the operations and its implementation located in Banking
14 Women in Business - Award Winners 2009 Nejira Nalić of Bosnia and Herzegovina, founder of MI-BOSPO, a microcredit organisation providing financial services to low-income women entrepreneurs wins Financial Institutions Award
15 Business case for expanding economic opportunities for women The business case is made in practice in SEEMore gender equality is associated with faster and more sustainable economic growthEmpowerment of women can lead to better governanceGender equality taps the full labour pool, can lead to market expansion and better management practicesLets work together to build success
Your consent to our cookies if you continue to use this website.