12 W O M E N ’ S E M P O W E R M E N T WOMEN’S EMPOWERMENT INTRODUCTION Women’s empowerment serves as a major lever for inclusive economic growth, poverty reduction, human capital development, and the promotion of sustainable development. Global data indicate that gender inequalities limit productivity, stifle innovation, and curtail the development of economies, particularly in low- and middle-income countries. Despite notable progress, women continue to face structural barriers including: (i) limited access to digital infrastructure and broadband internet; (ii) financial exclusion and difficulties in accessing capital; (iii) social, legal, and institutional constraints hindering women’s entrepreneurship; and (vi) underrepresentation of women in decision-making processes, high value-added sectors, and the digital economy. In response to these challenges, the World Bank Group is implementing an ambitious women’s empowerment agenda aimed at enabling women to participate fully in the global economy, leverage the opportunities offered by the digital sphere and entrepreneurship, and contribute actively to wealth creation, innovation, and shared prosperity. This agenda draws upon the experience gained from the WBG’s Gender Strategy (2016–2023) while addressing a global context marked by multiple crises — including conflicts, climate challenges, and economic shocks, among others — that disproportionately affect women and girls. Through its various institutions — the World Bank (IBRD and IDA), the IFC, and the Multilateral Investment Guarantee Agency (MIGA) — the WBG implements multi-sectoral initiatives designed to enhance women’s economic, social, and political opportunities in developing countries. This program aims to enable an additional 300 million women to use high-speed internet by 2030, and to provide capital to 80 million women and women-led businesses by 2030. The World Bank Group implements this program through three drivers of change: ‣ Innovation, grounded in data, high-quality data, and operational learning, to identify and scale up solutions that work; ‣ Large-scale financing, by mobilizing the instruments of the World Bank (IBRD, IDA), IFC, and MIGA to support public and private investments that promote gender equality; and ‣ Collective action, by working closely with governments, the private sector, civil society, and international partners to align policies, reforms, and investments. SCAN ME KEY AREAS OF INTERVENTION To promote women's economic empowerment, several complementary areas of intervention are being considered: Expand women’s access to affordable, high-quality broadband internet, particularly in rural and remote areas. Digital connectivity and women’s inclusion
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