Moscow, Russia, March 18, 2011 --
IFC, member of the World Bank group, is promoting gender equality and together
with the Russian Ministry of Foreign Affairs hosted a reception to recognize
the efforts that IFC clients and partners in Europe, Balkans, Turkey, and
Central Asia undertake to promote broader participation of women in economy.
The reception was co-hosted by Snezana Stoiljkovic, IFC Director for Eastern
Europe and Central Asia and Andrei Denisov, First Deputy Minister, Ministry
of Foreign Affairs of Russia.
“We all share joint view on the role
of women in the modern world and I consider this event as a unique opportunity
to exchange experience in implementing gender programs that we and our
partners undertake." -- Said Snezana Stoiljkovic, IFC Director for
Eastern Europe and central Asia in her opening remarks. "We are grateful
to Russian Ministry of Foreign Affairs for their support and partnership
in this and many other valuable initiatives”, she added.
“Role of women in Russian economy and
society is significant and constantly growing”. – Andrei Denisov, First
Deputy Minister of Foreign Affairs of Russia said. “We are happy to co-host
this regional celebration and we believe it will further promote gender
equality in IFC countries of operation”.
Dorothy Berry, IFC Vice President and
a key note speaker, said: “Many countries in this region have been affected
by the crisis. As the world looks for ways to restart and reset the global
economy, the solution lies right in front of us. Promoting women in business
is not only about empowering business women, generating more jobs, and
promoting overall economic growth. Women’s economic participation
is about arriving at better solutions to global development challenges”.
IFC is constantly implementing gender
equality practices in its own operations. In 2008, gender indicators
were embedded in IFC’s development outcome tracking system.
In 2010, IFC launched a Practitioners
Guide which provides a methodology for gender mainstreaming in key regulatory
reforms affecting women entrepreneurs, including those in Doing Business.
As part of the ongoing review of the IFC Sustainability Policy and the
Performance Standards, gender is being addressed by requirements that protect
the work force, and impacts to communities.
In 2008, CIDA conducted a Gender Equality
Institutional Assessment (GEIA) of IFC, and IFC received 3 out of 4 star
rating, which is the highest score received among all the IFIs.
IFC, a member of the World Bank Group, is the largest global development
institution focused on the private sector in developing countries. We create
opportunity for people to escape poverty and improve their lives. We do
so by providing financing to help businesses employ more people and supply
essential services, by mobilizing capital from others, and by delivering
advisory services to ensure sustainable development. In a time of global
economic uncertainty, our new investments climbed to a record $18 billion
in fiscal 2010. For more information, visit www.ifc.org.