World Bank Unveils New Gender Strategy To Empower 300 Million Women By 2030

The World Bank has introduced a new Gender Strategy for 2024-2030, focusing on increasing economic opportunities for women worldwide. Announced during the International Monetary Fund and World Bank annual meetings in Washington, the strategy sets ambitious goals aimed at fostering women’s participation in the global economy through improved social protection, broadband access, and capital investment.

By 2030, the strategy aims to provide 300 million women with access to broadband internet, a critical resource for financial services, education, and job opportunities. Additionally, it seeks to support 250 million women with social protection programs, with a particular focus on those facing poverty and vulnerability.

Another major goal of the strategy is to provide capital for 80 million women and women-led businesses, addressing key challenges that hinder entrepreneurship and growth for women in many parts of the world.

“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 Gender Strategy represents a vital commitment to reducing gender disparities and is expected to have a transformative impact on women’s livelihoods, particularly in underserved regions.

Melissa Enoch

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