The Bill & Melinda Gates Foundation on Monday committed USD 170 million to advance women’s economic empowerment primarily focused in India, Kenya, Tanzania, and Uganda, covering areas such as family planning and nutrition, as well as financial inclusion.
The Gates foundation is targeting its investments on four key priorities: financial inclusion, support, opportunities and assets.
Although more people overall have access to financial services than ever before, women are still being left behind, especially in poor economies, leaving a global digital financial gender gap, the foundation said in a statement.
“One of the most profound ways a woman can make life better for herself and her family is to take control of her economic future,” said Melinda Gates, co-chair of the Bill & Melinda Gates Foundation. “When women have money in their hands and the authority to choose how to spend it, they grow in confidence and power. They change the unwritten rules that say women are lesser than men.”