Amman, March 9, 2016—IFC, a member
of the World Bank Group, alongside the UN Women Jordan Country Office and
the Jordan Institute of Directors, will ring the opening bell at the Amman
Stock Exchange today to raise awareness of the need for gender equality
and promote gender inclusion.
IFC also presented a report at the event,
entitled The Impact of Gender Diversity on the Economic Performance of
Companies in Jordan, based on new research exploring gender and business
in the country.
IFC has joined 34 stock exchanges in
a global initiative to “Ring the Bell for Gender Equality”—a partnership
that highlights how the private sector can spur global growth by helping
ensure that women participate in economic activity at the same rate as
Stock exchanges from Nairobi to Amman,
Dhaka, Fiji, New York and London participated, ringing opening or closing
bells to mark International Women’s Day. Events have taken place since
March 3 and will continue during the week to come, with IFC also ringing
the opening and closing bell on March 8 on its Washington, D.C., and London
“Empowering women is not only
the right thing to do—it is also the smart thing to do,” said Jingdong
Hua, IFC Vice President and Treasurer. “Research shows that it can add
trillions of dollars to global GDP, boost productivity, generate higher
return on investments, and promote greater organizational effectiveness.
The private sector has an essential role to play in unleashing the full
economic potential of women and girls.”
IFC believes that women—as consumers,
employees, business leaders, and entrepreneurs—have the potential to transform
the global economy, supporting job creation, raising per-capita incomes,
and promoting sustainable development. That’s why we work to promote gender
inclusion in all of our activities. By leveraging our relationships with
about 1,000 financial institutions and private equity funds, we help expand
access to finance for women entrepreneurs. In 2014, IFC clients provided
670,000 jobs to women in emerging economies.
“The participation of women in the labor
market has been a major driver of growth and competitiveness in economies,
but women still face many challenges here in Jordan and around the world,”
said Ahmed Attiga, IFC Country Manager and Head of Mission for Jordan.
“Promoting gender inclusion is not only good for women – it’s also good
for the economy.”
“Ring the Bell for Gender Equality”
focuses on raising awareness about the business case for women’s economic
empowerment and the opportunities for the private sector to advance gender
equality, which is a key
It is a partnership of IFC, the Sustainable
Stock Exchanges (SSE) Initiative,
in ETFs, and the World
Federation of Stock Exchanges.
IFC, a member of the World Bank Group,
is the largest global development institution focused on the private sector
in emerging markets. Working with more than 2,000 businesses worldwide,
we use our capital, expertise, and influence, to create opportunity where
it’s needed most. In FY15, our long-term investments in developing countries
rose to nearly $18 billion, helping the private sector play an essential
role in the global effort to end extreme poverty and boost shared prosperity.
For more information, visit www.ifc.org.