WASHINGTON – In a major move to boost women’s participation in the global economy, the World Bank announced a new gender strategy on Thursday aimed at expanding economic opportunities for women through improved access to broadband, social protection, and capital.
The strategy, Gender Strategy 2024-2030, was presented during the annual meetings of the International Monetary Fund and World Bank. Its ambitious targets include enabling 300 million women to access broadband internet by 2030, which will help connect women to vital services, educational resources, and job opportunities. Additionally, the initiative aims to support 250 million women with social protection programs, focusing especially on the poorest and most vulnerable. Another 80 million women and women-led businesses are set to gain access to capital, addressing a critical barrier to entrepreneurial growth.
“When we increase women’s economic participation, it not only boosts the global economy but also strengthens families and communities,” said World Bank President Ajay Banga. “Through economic empowerment, we are building a ladder out of poverty and extending hope and dignity as far as possible.”
The World Bank’s new strategy emphasizes the essential role of gender equality in economic growth, highlighting how empowering women economically can create widespread benefits across societies.