Organised by the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) in collaboration with Global Affairs Canada during the 73rd session of the General Assembly, the high-level panel on “Innovative financing to catalyse women’s entrepreneurship in Asia and the Pacific” will be an interactive dialogue focused on the opportunities for advancing innovative financing mechanisms to foster increased participation of women entrepreneurs. The event will also be used to launch a new initiative to advance women’s entrepreneurship in Asia and the Pacific led by ESCAP with financial support from Global Affairs Canada.
Women’s entrepreneurship is being recognised as a key catalyst for advancing women’s economic empowerment. By setting up and managing a business, women are poised to achieve economic independence, overcome extreme poverty, and improve their sustainable well-being as well as that of their families and communities. However, while entrepreneurs in general face considerable barriers, women entrepreneurs face additional disadvantages which hold them back from achieving their full potential. Among these, research consistently points to restricted access to finance.
Importantly, innovative financing mechanisms are emerging in response to such challenges, including impact investment funds, women’s bonds, and FinTech solutions such as alternative credit scoring and crowdfunding mechanisms to increase women’s access to finance. Subsequently, the panel will discuss the benefits and challenges, and the potential for scaling up such action-oriented frameworks for the benefit of women entrepreneurs in Asia and the Pacific.
The high-level panel discussion will bring together high-level policy makers from the region, as well as experts from development partners, the private sector and civil society organisations.
To view the official event invitation, please click here.
Please RSVP by 21 September to Ms. Kanda Rangsimawong, Trade, Investment and Innovation Division, ESCAP via firstname.lastname@example.org.