Min­istry of In­vest­ment al­lo­cates 50% of grants of SMEs to need­i­est women: Sa­har Nasr

The Daily News Egypt - - Front Page - By Ne­hal Samir

Min­is­ter of In­vest­ment and In­ter­na­tional Co­op­er­a­tion Sa­har Nasr said the min­istry al­lo­cated 50% of grants of SMEs to the need­i­est women.

This came dur­ing the launch of the MENA-OECD Women’s Eco­nomic Em­pow­er­ment Fo­rum un­der the slo­gan “clos­ing the gen­der gap to pro­mote com­pet­i­tive­ness”.

She added that the gov­ern­ment works as one group to em­power women eco­nom­i­cally.

She added that the launch of the fo­rum comes at the right time, as it keeps pace with the early an­nounce­ment of President Ab­del Fat­tah Al-Sisi that 2017 is the year of the woman.

The min­is­ter pointed out that all groups are cur­rently ben­e­fit­ting from the eco­nomic re­form pro­gramme, which is not lim­ited to eco­nomic mea­sures, but also in­cludes a so­cial pro­tec­tion pack­age to girls or women from the need­i­est gov­er­norates.

“The min­istry is keen to move faster in the com­ing pe­riod to make women have the right to par­tic­i­pate in their coun­try’s econ­omy and con­trib­ute to its pro­duc­tiv­ity,” Nasr said in the fo­rum’s press con­fer­ence.

The min­istry estab­lished a nurs­ery to sup­port the women who work in the min­istry to bal­ance be­tween their com­mit­ment to their per­sonal lives and their work.

On the other hand, only 24% of women in the Mid­dle East and North Africa (MENA) re­gion are em­ployed com­pared to 60% in the Or­ga­ni­za­tion for Eco­nomic Co-op­er­a­tion and De­vel­op­ment (OECD), said the or­gan­i­sa­tion’s chair­per­son, Gabriella Ramos.

It is es­ti­mated that rais­ing women’s par­tic­i­pa­tion in the labour force to the same level as men could boost the global GDP by $12tr or 26% by 2050, ac­cord­ing to the OECD.

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