World Bank unveils Gender Initiative for 380 million Women

A gender initiative has been unveiled by World Bank Group with an intent to offer capital and access to the internet to 380 million women by the year 2030. During its annual meetings in Washington DC, the bank launched the initiative that signalled its first step for implementing its ‘Gender Strategy 2030’ programme.

As the bank had mentioned, this initiative will keep its focus on the usage of broadband, social protection, and capital access. It said, “These efforts will contribute to one of the three pillars of the Gender Strategy, which is dedicated to expanding and enabling women’s participation in the global economy.”

The global bank stated that they are intending to empower 300 million more women for using broadband, unlocking essential services, financial services, education, and job opportunities by 2030.

World Bank Group President Ajay Banga stated, “Through economic empowerment we are building a ladder out of poverty and extending hope and dignity as far as possible.”

The bank also stated, “The Bank will expand social protection programs by investing in digital social registries, which are essential for improving efficiency, reducing bureaucratic barriers, and ensuring direct assistance to women. The Bank will also leverage digital cash transfers, linking them with skills training, business capital, coaching, and market access to equip women with the tools for sustained economic opportunities beyond temporary financial support.”