(MENAFN- Trend News Agency) BAKU, Azerbaijan, December 3. International
Finance Corporation (IFC) supports the development of women's
entrepreneurship in Kazakhstan, Ekaterina Benjamin, International
Finance Corporation's (IFC) Country Officer for Kazakhstan, told
"At IFC, we are convinced that women's entrepreneurship and
economic empowerment are critical to inclusive economic growth.
Where women are empowered, they can contribute their full potential
- leading to a more diverse and dynamic workforce," she said.
According to Benjamin, nations that demonstrate greater gender
parity enjoy increased per capita national income and experience
accelerated economic expansion.
"According to statistics from the Fund for Sustainable
Development and Support of Women's Entrepreneurship in Kazakhstan,
women constitute 51.8 percent of the population and play a
significant role in generating about 40 percent of the country's
total Gross Domestic Product. Additionally, they manage
approximately 42 percent of small and medium enterprises, and
female entrepreneurs contribute to 30 percent of employment within
this sector," IFC's Country Officer said.
As she noted, this was one of the reasons IFC's funding to
microfinance organizations such as KMF, Arnur Credit, and Shinhan
Finance included a gender component.
"For instance, at least half of the funds provided to KMF are
earmarked for women-owned small enterprises, while at least 25
percent of our investment in Shinhan Finance will be earmarked for
women-owned small businesses," Ekaterina Benjamin said.
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