WHAT IS EMPOWER WOMEN, POWER TRADE?
EIF’s new initiative aims at transforming the economic lives of women in least developed countries (LDCs). It focuses on female entrepreneurs and producers, cross-border traders and women-owned micro-, small- and medium-sized enterprises (MSMEs).
At the foundation of this effort will be the building of the evidence base to support gender-sensitive policies through EIF’s country-specific trade studies. Strategic support will be directed at sectors in which women are predominantly engaged, so female-owned businesses can expand and access new regional and global markets.
Across LDCs women continue to face constraints that limit their participation in global trade. This includes discriminatory laws and social norms related to women’s responsibilities and mobility, as well as barriers relating to information and finance that reduce access to opportunities.
Now that EIF has successfully helped to integrate trade into the national development plans of 37 LDCs, thereby ensuring that inclusive economic growth is on their trade agendas, it is time to take the next step and address the work precarity that almost half the population in LDCs are facing.
WHERE WILL WE WORK?
Empower Women, Power Trade will operate in the 47 LDCs, with emphasis on countries where EIF has ongoing projects or partnerships and where EIF has a mandate. Financial support of US$10 million will be directed to projects submitted by country governments, with co-funding through the leveraging of existing programmes by EIF partner agencies.
PARTNER WITH US
Does your institution work on similar issues? Are you interested in helping to be the catalyst female traders in LDCs need right now? Contact EIF at email@example.com for more information about partnerships.
ON MONITORING OUR SUCCESS
We aim to impact 50,000 women by 2022. We will monitor our progress as part of the EIF programme and project management cycle and in line with the EIF's overall monitoring and reporting framework.
For Empower Women, Power Trade, there is a set of key indicators. Some are part of EIF’s overall programme logframe, and there are an additional seven to measure specific progress of the Initiative.