Investing more in women will boost the recovery of Latin America and the Caribbean
The pandemic has particularly affected women. Pre-existing gender gaps have exposed them to further loss of income, unemployment and unpaid household burden.
Contributing to closing the gender gap is not only necessary for the prosperity of the region, but it is also a great business opportunity. Various studies show that women tend to be better payers, that the businesses they lead generate higher financial returns and that, as consumers, they make most of the expense decisions.
IDB Invest has been promoting gender-lens investing, which focuses on investing in companies led by women, in those with gender equality policies and in those that offer products and services aimed at women.
Today, more than ever, we are committed to continue paving this path because when women win, we all win.
Why is having a gender equality strategy good for business?
An annual GDP growth opportunity of US$2.6 billion for the region’s labor market in 2025 is forecast if women participate in the market economy to the same extent as men.
Women influence 80% of household purchases. In 2014, 54% of the women in the region were in the workforce--an increase of 44% since 1990--and Caribbean women had the highest participation rates.
There are between 1.2 and 1.4 million micro-, small, and medium-sized enterprises (MSMEs) in the region owned by women, representing 40% of the total. However, female business owners face higher barriers to accessing financing and often obtain less attractive conditions than men.
At IDB Invest, we work with our clients to narrow some of these gender gaps and to find new business opportunities.
At IDB Invest, we have made a simple and clear promise: we are 100% committed to gender equality as well as diversity and inclusion.
We help companies identify the economic opportunity gained by integrating a strategy of gender equality, diversity, and inclusion into their business. We work with various sectors offering finance products and consultancy services to help them create more inclusive companies.
We help companies:
1. With their human capital strategy to attract and retain the best talent through human resource policy recommendations, diversity and inclusion training, and mentoring programs.
2. With their market strategy to uncover potential opportunities and segments through market research, product and service development, and sales force training.
3. With their value chain strategy, procurement policy and service contracting recommendations as well as suggestions for a more inclusive value chain, and with supplier training.
At IDB Invest, we believe that inclusion in the broadest sense enables companies to create inclusive work place atmospheres where all workers, regardless of their gender, sexual orientation, ethnicity, or physical ability, feel respected and included and can perform to their fullest potential, helping businesses thrive.
Human talent, when diverse and inclusive, benefits companies because it boosts innovation and the discovery of new markets as well as improves financial results. IDB Invest gives advice on gender equality, diversity, and inclusion through innovative financial and non-financial solutions, producing positive results for our clients and society at large.