Business Report :
In a move to unite leading businesses and spur greater action on women’s employment across the industries in the private sector, the International Finance Corporation (IFC), in partnership with European Union funded program Accelerating Climate Smart & Inclusive Infrastructure in South Asia (ACSIIS), and the Metropolitan Chamber of Commerce and Industry (MCCI), launched a flagship network ‘Partnership for Women’s Employment: The Business of Equity’.
The two-year partnership will act as a catalyst for economic growth and inclusion, helping empower women across Bangladesh. Women comprise one-third of the country’s workforce, with only 4 percent of businesses having women in top management. Care responsibilities, access to jobs, mobility limitations, and social norms are key barriers to women’s economic participation. Closing these gender gaps can add up to $30 billion to Bangladesh’s gross domestic product (GDP). “The business case for increasing women’s participation in the workforce is irrefutable. Inclusive businesses have better financial performance, talent retention, reputation, and investor confidence,” Zareen Tasnim, Program Lead, Partnership for Women’s Employment, IFC, Bangladesh said on Wednesday.
“This partnership – a first of its kind in Bangladesh – will help equip businesses with practical knowhow on closing corporate gender gaps while contributing to the companies’ bottom line, productivity, and growth, leading the way for a thriving private-sector anchored in equity and inclusion.” added Tasnim.
