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)