Emerging Trends in National Financial Inclusion Strategies that Support Women’s Entrepreneurship
Starting a business is a way for women to generate income and become more resilient when dealing with shocks. However, large gender gaps in formal entrepreneurship impede women’s livelihoods and global development. The persistence of gender-based barriers-notably, unequal access to financial accounts, constrained credit, and normative roles that keep women in the role of primary caregivers underscores the need for broader support and regulatory reform, including reform of the financial sector. This brief presents data collected by the World Bank’s Women, Business and the Law (WBL) project on selected contours of National Financial Inclusion Strategies that can support women’s entrepreneurship. In all, fifty-two economies worldwide had valid financial inclusion strategies in force as of June 30, 2022. An increasing number are now highlighting the need to promote women’s financial inclusion. However, as this initial foray shows, more could be done in National Financial Inclusion Strategies to promote credit to women entrepreneurs and enhance the national-level collection and reporting of financial data disaggregated by sex. The analysis also shows that the field for developing indicators at both the policy and regulatory level remains ripe for exploration by the WBL project and others.
| Main Authors: | , , |
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| Format: | Brief biblioteca |
| Language: | English English |
| Published: |
World Bank, Washington, DC
2023-03-10
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| Subjects: | CGAP, WOMEN, BUSINESS AND THE LAW, ACCESS TO FINANCE, WOMEN ENTREPRENEURS, GENDER GAP, GENDER ROLES, FINANCIAL INCLUSION, |
| Online Access: | http://documents.worldbank.org/curated/en/099400003082361874/IDU05eec2c4f027b90446b09954005faa70906f9 https://openknowledge.worldbank.org/handle/10986/39659 |
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| Summary: | Starting a business is a way for
women to generate income and become more resilient when
dealing with shocks. However, large gender gaps in formal
entrepreneurship impede women’s livelihoods and global
development. The persistence of gender-based
barriers-notably, unequal access to financial accounts,
constrained credit, and normative roles that keep women in
the role of primary caregivers underscores the need for
broader support and regulatory reform, including reform of
the financial sector. This brief presents data collected by
the World Bank’s Women, Business and the Law (WBL) project
on selected contours of National Financial Inclusion
Strategies that can support women’s entrepreneurship. In
all, fifty-two economies worldwide had valid financial
inclusion strategies in force as of June 30, 2022. An
increasing number are now highlighting the need to promote
women’s financial inclusion. However, as this initial foray
shows, more could be done in National Financial Inclusion
Strategies to promote credit to women entrepreneurs and
enhance the national-level collection and reporting of
financial data disaggregated by sex. The analysis also shows
that the field for developing indicators at both the policy
and regulatory level remains ripe for exploration by the WBL
project and others. |
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