Browsing: IFC support towards women employment

IFC new program to boost women’s employment in Egypt

The International Finance Corporation (IFC) is launching a new advisory program to improve women’s employment opportunities in Egypt.

IFC which is a member of the World Bank Group aims at highlighting how Egypt’s private sector companies can invest in the county’s large, underutilized female talent and spur economic growth.

In a statement by the corporation, IFC said the program will run for three years and will help create family-friendly, flexible workplaces to make Egyptian businesses more resilient, agile and inclusive, especially in times of crises.

In 2019, only 24 per cent of working-age women participated in Egypt’s labour market in 2019, compared to 75 per cent of men. If women and men participated equally, the country’s GDP could rise by 34 per cent.

“The participation of women is macro-critical, it is no longer lip service, all stakeholders from the public and private sector as well as IFIs are coming together …