Investing in women is not only a moral imperative – it is good business. Business creation and business revenue growth are crucial engines of economic growth and job creation. Advancing gender equality can add $13 trillion to global Gross Domestic Product (GDP) by 2030. However, women are less likely than men to own formal micro, small- or medium-sized enterprises. Moreover, women-owned businesses are less likely to grow or have employees and have been more heavily affected by the Covid-19 crisis. The hindrances to women-owned small and medium enterprises are multidimensional and often interlinked.
