Economic Development & Microfinance

Women contribute actively to economic development and sustainability. Their social status determines their access to opportunities for economic autonomy and advancement. In the US, the glass ceiling is still firmly in place in many sectors of the economy. Globally, economic development efforts are doomed to failure without women’s active involvement and participation. More efforts need to focus on empowering women as wage earners, entrepreneurs and business owners. Microfinance programs also offer great potential to lift women out of poverty.

The Way We Live Now: The Power of the Purse

18 August 2009
 

More women in finance, a more sustainable economy

As has been pointed out with increasing frequency, a certain group think has been widely blamed for the economic crisis we find ourselves in today. Studies indicate that women are more comprehensive thinkers and less attracted to excessive risk than are their male peers.
 

URL: 
http://www.csmonitor.com/Commentary/Opinion/2009/0624/p09s02-coop.html

Gender Equality as Smart Economics: A World Bank Action Plan, April 2009

In 2007, the World Bank Group launched an action plan to improve women’s economic opportunity. The four year plan, Gender Equality as Smart Economics, invests in the improvement of women’s access to jobs, land rights, financial services, agricultural inputs and infrastructure.
 

URL: 
http://web.worldbank.org/WBSITE/EXTERNAL/TOPICS/EXTGENDER/0,,contentMDK:21983335~pagePK:210058~piPK:210062~theSitePK:336868,00.html

Advancing Women in the Global Marketplace

This report stems from Advancing Women in the Global Marketplace, a meeting and consultation which explored the role of business in improving the status of women around the world. The event and workshop brought together representatives of business, civil society, academia, labor, governments, and the UN to develop a more coherent vision of the many ways in which business can help to empower women and advance gender equality.
 

URL: 
http://unglobalcompact.org/docs/news_events/Bulletin/AdvanceWomen_Report.pdf

Doing Business: Women in Africa

Report Promotes Reforms for Women’s Entrepreuneurship and focuses on women entrepreneurs from Cameroon, Rwanda, Senegal, South Africa, Swaziland, Tanzania, and Uganda.
 

URL: 
http://www.doingbusiness.org/documents/women_in_Africa.pdf

Gender Equality as Smart Economics: A World Bank Group Gender Action Plan, Fiscal Years 2007-2010

This Action Plan seeks to advance women’s economic empowerment in the World Bank Group’s client countries in order to promote shared growth and accelerate the implementation of Millennium Development Goal 3 (MDG3- promoting gender equality and women’s empowerment). The Plan would commit the World Bank to intensify and scale up gender mainstreaming in the economic sectors over four years, in partnership with client countries, donors, and other development agencies. The Bank group and its partners would increase resources devoted to gender issues in operations and technical assistance, in Results-Based Initiatives (RBIs), and in policy-relevant research and statistics. An assessment at the end of the four-year period would determine whether to extend the Action Plan’s timeframe.
 

URL: 
http://siteresources.worldbank.org/INTGENDER/Resources/GAPNov2.pdf

Expert Profile

Location: 
United States
40° 42' 17.2368" N, 74° 0' 26.0784" W

Kyla Bender-Baird, Research and Programs Manager, is providing the Council with a wide range of research and communications support. She received a BA in Sociology from Principia College and an MS in Women’s Studies from Towson University. Her thesis focused on transgender experiences of employment discrimination. During her time at Towson University, Kyla was a graduate assistant with the Institute for Teaching and Research on Women. On completion of her master’s degree, Kyla served as a Vaid Fellow with the National Gay and Lesbian Task Force Policy Institute. Kyla first joined the Council as a research consultant for The Big Five initiative. She has interned previously with Planned Parenthood and the Gender Public Advocacy Coalition.

Location

New York, NY 10005
United States
40° 42' 17.2368" N, 74° 0' 26.0784" W

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