As the world grapples with the realities of gender inequality, the World Bank Group today (Thursday 24th October 2024), announced a set of actions and concrete goals that aim to boost economic opportunities for more women, toward implementing Gender Strategy 2030

President of the World Bank Group, Anjay Banga speaking at a flagship event on the sidelines of the 2024 World Bank Group/IMF Annual Meetings in Washington DC, said the bank will focus on more women use of broadband, social protection, and access to capital, concentrating especially on the poorest and most vulnerable.

Our Correspondent in Washington DC, Raliat Adenekan reports that Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun said the Nigerian government has implemented a national action plan for women’s economic empowerment, emphasizing the need to harness the full capabilities of its female population.

He stated that Nigeria is investing heavily in the digital economy, with approximately $600 million allocated to the Digital and Creative Enterprise sector. This initiative, aimed at young people aged 15 to 35years, includes substantial funding for female entrepreneurs.

On its part Spain announced an early financial commitment of €400 million to the International Development Association, the World Bank’s fund for low-income countries. This raises Spain’s total contribution to over €5 billion since IDA’s creation.