Showing posts with label small and medium enterprises. Show all posts
Showing posts with label small and medium enterprises. Show all posts

Monday, April 4, 2022

The future of finance is female: Empowering women-led MSMEs to drive significant growth to PH economy

Empowering women-led micro, small and medium enterprises (MSMEs) by democratizing access to financial tools and services will result in a significant boost to the local economy. 

During the Promoting Women and Financial Inclusion Today webinar hosted by the European Chamber of Commerce Philippines, government leaders from the Bangko Sentral ng Pilipinas (BSP) and the Senate, as well as executives of leading open finance platform UBX, and insurance provider Pru Life UK underscored the huge benefits in including women entrepreneurs into the country’s financial systems. 

Global studies conducted by the International Finance Corp. (IFC) and the Organization for Economic Cooperation and Development (OECD) found that male-led businesses have more access to business financing than their female counterparts.