You are using an outdated browser. For a faster, safer browsing experience, upgrade for free today.

Women Entrepreneur Finance Initiative (We-Fi) hosts ministerial roundtable to spark discussions on women’s advancement

Women Entrepreneur Finance Initiative (We-Fi) hosts ministerial roundtable to spark discussions on women’s advancement
  • Opportunities discussed to support women entrepreneurs while reinforcing commitments and collective action in the MENA region

Her Excellency Mona Ghanem Al Marri: “We are excited to see women play a vital role in diverse industries as we further advance our support so they succeed and excel in their personal and professional goals.” 

Dubai, UAE, 16 February 2020: The Women Entrepreneurs Finance Initiative (We-Fi) hosted a ministerial roundtable as part of the first We-Fi MENA Regional Summit being held on the sidelines of the Global Women’s Forum Dubai 2020 (GWDF). 

The roundtable, which highlighted key issues on the state of women’s economic empowerment in the MENA region, was aimed at creating a platform for leaders to share experiences and discuss opportunities to support women entrepreneurs, reinforce commitment and move to collective action. 

Participants in the ministerial roundtable included Her Excellency Mona Ghanem Al Marri, Chairperson of the Board and Managing Director of Dubai Women Establishment (DWE), David Malpass, President of the World Bank Group, Kristalina Georgieva, Managing Director of the International Monetary Fund and Ivanka Trump, Advisor to the President of the United States of America. Ministers from several countries in the region including Algeria, Egypt, Jordan, Bahrain, Saudi and Morocco also convened at the roundtable. 

HE Mona Ghanem Al Marri, said: “It is truly an honour to be a part of such an outstanding initiative that strives to provide women in the region with opportunities to succeed and excel in their personal and professional goals. We are excited to see women play a vital role in diverse industries as we further advance our support in all aspects of entrepreneurship.” 

The discussion focused on two main topics – reforming laws, policies and regulations needed to support the economic empowerment of women, and accelerating access to finance for women-led businesses. The open dialogue allowed countries in the MENA region to share successes, discuss challenges and build more supportive enabling environments for women entrepreneurs and change makers to flourish and advance in their careers. 

Earlier in the day, We-Fi also hosted a luncheon that underlined the importance of the initiative and its impact on women entrepreneurs in the UAE and MENA. The luncheon attendees were welcomed by Wendy Teleki, Head of the We-Fi Secretariat. Geoffrey Okamoto, Chair of We-Fi Steering Committee, and Thierno Diallo, Director-General of the Islamic Bank also spoke to the attendees. 

The summit engaged with more than 250 attendees of entrepreneurs, MDB leadership, Private Sector Partners and guests from numerous international organizations to take action and make a difference in policy issues, e-commerce, accelerators and banking and policy reforms for women entrepreneurs.

Teleki added: “We hope to inspire and encourage women from not only MENA, but all over the world to continue to persist and persevere with their entrepreneurial aims and objectives as they have our support every step of the way.” The We-Fi MENA Regional Summit is co-organised by Dubai Women Establishment and the Women Entrepreneurs Finance Initiative, a ground-breaking international partnership launched in 2017 to unlock financing for women-led businesses in developing countries. We-Fi has allocated $249 million to programs that will benefit over 114,000 women-owned SMEs and mobilise $2.6 billion from the public and private sector. The initiative, which is housed in the World Bank and implemented by six multilateral development banks, is supported by 14 donors, including the UAE government, which was one of the first contributors.

Subscribe

PARTNERS
Strategic Sustainability Partner
GLOBAL KNOWLEDGE PARTNERS
INTERNATIONAL STRATEGIC PARTNER
CULTURAL PARTNER
SUPPORT PARTNERS
STRATEGIC MEDIA PARTNER
PODCAST PARTNER
MEDIA PARTNERS
INTERNATIONAL MEDIA PARTNERS
RADIO PARTNER
OUTDOOR ADVERTISING PARTNER
Copyright 2020 Global Women’s Forum Dubai 2020. All Rights Reserved. Website by GTECH