September 29

Analysis: Global GDP Could Rise by 3% if Gender Disparity Gap Is Closed

The International Finance Corporation (IFC) estimates that approximately 80% of women-owned businesses with credit needs in low-income countries are either unserved or underserved.

This is equivalent to a $1.7tn financing gap; the difference between funding available and funding needed. Consequently, the global economy does not materialise an annual $330bn  in turnover due to this financing gap.

Photo courtesy of UN Women / Ryan Brown.

Source: The Africa Report (link opens in a new window)

Entrepreneurship, Finance
entrepreneurs, financial inclusion, gender gap, global development, inclusive fintech, MSMEs, SMEs, women entrepreneurs