Financing women entrepreneurs, key to economic recovery
07/16/2020 Since 6 months
Support for the important female entrepreneurship in Latin America and the Caribbean must focus on gender aspects in economic recovery programmes. This implies specific guarantee programmes that reduce the risk of financial institutions.
Female entrepreneurship in Latin America and the Caribbean (LAC) can be one of the great keys to rapid economic recovery.
Millions of Latin Americans, especially in the informal economy, have been forced to work in violation of isolation orders throughout the region, which as a result has surpassed the United States and Canada in terms of deaths from COVID-19. This has had a disproportionate impact on women workers and entrepreneurs. A joint report by the international humanitarian agency CARE and UN Women shows that only 67% of women between the ages of 25 and 54 participate in the formal workforce, compared to 93% of men in the region. In total, more than 126 million women work in the informal sector.
By Marisela Alvarenga – Gabriela Andrade.
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