Microfinance Role Of Women Crucial In Rebuilding Post-Conflict Societies - Ismail Serageldin

2026-05-21 08:11:14

(MENAFN- Trend News Agency) BAKU, Azerbaijan, May 21. Co-chair of the Nizami Ganjavi International Center, Ismail Serageldin said that the role of women in microfinance is decisive in the reconstruction of post-conflict societies, Trend reports.

He made the remarks during his speech at the event titled “Advancing Housing Policy Through Multilateralism: From Global Commitments to Local Impact,” held within the framework of WUF13 in Baku.

He emphasized that the role of international financial institutions, including the World Bank and UN agencies, is not limited to providing financial resources, but also includes drawing on extensive experience and comparative analysis from projects implemented across different countries.

According to him, over many years these institutions have financed projects in various countries and identified which approaches are most effective, transferring this knowledge to local governance structures.

Serageldin noted that microfinance has produced significant results in developing countries, including Bangladesh and several countries in Latin America, with particular importance placed on expanding women's access to financial systems.

“In many cases, the main beneficiaries of loans have been women. For example, in Bangladesh, around 94% of microfinance program beneficiaries are women. This demonstrates the crucial role of women in rebuilding social capital and communities,” he said.

He added that in post-conflict periods, the rebuilding of societies and social ties is often driven by women's initiatives.

Serageldin also stressed that international organizations should adopt a modest and supportive approach while strengthening local communities.

“The main goal is to enable local communities to take ownership of their achievements and feel empowered. This is a very important principle in the development process,” he said.

He concluded that further efforts are needed to build more resilient financial institutions in developing countries.

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