Featured Speakers: Acting USAID Administrator Henrietta Fore; Minister of Finance,
As women begin to play an increasingly significant role within the system of developing nations, reports have been conducted to assess the economic growth that results from the empowerment of women.
The panel was dedicated to discussing global initiatives in promoting women-owned businesses as reported by the Doing Business 2008 report, the annual documentation investigating the regulations that enhance business activity and those that constrain it. With the theme of the 2008 report specifically being “women in business,” Fore explained the benefits of empowering women on economic growth.
“The under-utilization of women stunts economic growth,” said Fore. “Women cannot be kept out of a formed economy.” She said that good business regulations will allow women to be a part of an economy.
CEO of IFC Lars Trunell agreed with Fore stating that it is “important to take every opportunity help women reach their potential,” and called the Doing Business report a “catalyst for reform.”
Djankov then introduced the logistics of the Doing Business report, presenting the breakdown of the report. Using supportive data, Djankov explained that opening economic opportunity is primary for women because of the higher percentage of unemployment being among women. Currently in
Her Excellency Dr. Sayeh said that the results from the Doing Business report are leading to competition among nations. There are however, still obstacles to change and Sayeh explained that “without a stronger private sector response, constituency of reform will be limited.”
According to a recent gender needs assessment, women comprise the majority of agricultural activity. Dr. Sayeh explained that in
USAID reported that presently
Date: Friday, October 19, 2007
Time: 11:00 A.M. – 12:30 P.M.
Approximate Number of Attendees: 140
Intern Attending: Noon Salih