Proparco and many other DFIs commit to further support women empowerment and gender equality worldwide

published on 01 November 2018
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GFC
Proparco and 14 Development Finance Institutions (DFI) launched in 2018 the Gender Finance Collaborative. On November 1st, we signed a Joint statement of commitment to outline our common objectives.

Through this statement, the DFIs unite to support the development of financing principles, definitions and methodologies that promote the integration of "gender smart" decision-making into their investment processes and operations.

Their collective goal is to increase the strategic impact of investment capital toward women as business and fund leaders, entrepreneurs, a strong and valued workforce, consumers and community members.

The 15 institutions commit to intentionally use their capital, capacity, networks and knowledge to:

  1. Demonstrate that investing with a gender lens and helping investees to sharpen their gender focus can reap business returns in addition to social returns;
  2. Support opportunities to improve the lives and livelihoods of women and girls around the globe; 
  3. Promote increases in gender diversity to build a bigger base of women in leadership and corporategovernance.

The Collaborative has a linkage to the G7 2X Challenge which was announced in June 2018 as the key organising members of the 2X Challenge are members of the Collaborative. 

The Joint Commitment Statement has been developed, agreed and signed by most of the members, with others in process.