Transcript General colour template for PC presentations [Presentations]

Enhancing Women
Entrepreneurship
Chikako Kuno
Chair EBRD Gender Steering Group
Objective
Increase the economic participation and
decision-making roles of women in the private
sector.
Gender and EBRD

Gender equality is an
important component of the
development and transition
process

Part of the Millennium
Development Goals

EBRD is committed to
expanding opportunities for
women and promoting
gender equality

Impact of transition on
women has varied by
country and by issue-area
MDG3 Champion Torch Handover
Impact of transition:
labour market “separation”

Women tend to be less
satisfied with their lives
CEB
SEE
Source: World Development Indicators 2006
Women
Women are more in favour
of state involvement,
particularly in the social
arena
Men

Women
Women now have lower
unemployment rates than
men, except in CIS+M
10
5
0
-5
-10
-15
-20
-25
-30
Men

Change in labour force
participation rates, 19892005
Women
Women’s labour
participation declined at the
start of the transition, but
has since recovered
Men

CIS+M
Men
Women
Source: World Development Indicators 2006
Uzbekistan
Ukraine
Turkmenistan
Tajikistan
Russia
Mongolia
Moldova
Kyrgyz Rep.
Kazakhstan
Georgia
Belarus
Azerbaijan
Armenia
Croatia
FYR
Macedonia
Romania
Serbia and
Mont.
Albania
Bosnia and
Herz.
Bulgaria
Slovenia
Slovak Rep.
Poland
Lithuania
Latvia
Hungary
Estonia
Czech Rep.
Impact of transition:
Labour market “separation”
Change in percentage points
10
5
0
-5
-10
-15
-20
-25
-30
Impact of transition:
Wage equality has diminished




More wage inequality in
less advanced transition
countries
Wage differentials
between men and women
have increased
Differences cannot be
easily explained by job
type or productivity
Gender discrimination is
evident from quantitative
and qualitative studies
Labour Force Participation
0.95
KazakhstanSweden
0.85
0.75
Lithuania
USA
Slovenia
Estonia Romania
Moldova
France
Russia UK
Ukraine
Uzbekistan
Bulgaria
Poland Czech Republic
Latvia
Slovak R.
Croatia Kyrgyz Rep
Hungary
Albania
Mongolia
Georgia
0.65
FYRM
Italy
0.55
0.45
0.45
0.55
0.65
0.75
Wage Equality
0.85
0.95
Impact of transition:
Quality of employment has changed

Women have moved into
unpaid caring professions

More women are in white
collar than blue collar
professions

Many women have
become self-employed,
partly out of necessity

There are still fewer
female than male
entrepreneurs
Impact of transition:
Access to finance

More female managers
have difficulty securing a
bank loan
Share of businesses without a bank loan
100%

Female managed firms
charged higher interest
rates in some countries
90%
80%
70%
60%
50%
40%
More needs to be done to
understand constraints and
opportunities for female
entrepreneurship
30%
20%
10%
female
Source: BEEPS, 2005
male
Ukraine
Uzbekistan
Tajikistan
Slovak
Slovenia
Russia
Poland
Romania
Moldova
Latvia
Lithuania
Kyrgiz
Hungary
Kazakhstan
FYRM
Georgia
Estonia
Croatia
Czech Republic
BiH
Bulgaria
Belarus
Azerbaijan
Albania
0%
Serbia and Montenegro

Financial development
may lead to lower levels of
gender bias in bank
lending
Armenia

Objectives pursued with
the GAP
Integrate women as:
Effectively
mainstream
 Decision-makers
gender into the   Workers
EBRD’s
 Beneficiaries of
operations
growth

Empower women (on boards, at
work, in society)

Leverage the EBRD’s effectiveness
in working with private sector

Seek opportunities - with staff &
clients - to produce positive
outcomes in the area of gender
The Bank today

New Environmental and Social Policy
– incorporates gender

Demonstration

Banking operations
– Small Business Finance
– Corporate Governance Boards
– Infrastructure (MEI)
– Training

TAM/BAS Advisory
Boards (Investee Companies,
Financial Institutions)


Bank’s nominee directors are women in 112 (41%) out of 275
approved Supervisory Board seats.
High women representation
Recognising Women
• Bank is developing a
focussed initiative on
women
• Annual Meeting Women in
Business Panel
• Recognising outstanding
women
• Focuses upon the operations and its implementation
located in Banking
Women in Business - Award Winners 2009
Nejira Nalić of Bosnia and Herzegovina, founder of MI-BOSPO, a
microcredit organisation providing financial services to low-income
women entrepreneurs wins Financial Institutions Award
Business case for expanding
economic opportunities for women

The business case is made in
practice in SEE

More gender equality is
associated with faster and
more sustainable economic
growth

Empowerment of women can
lead to better governance

Gender equality taps the full
labour pool, can lead to market
expansion and better
management practices
Lets work together to build
success