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Bill & Melinda Gates Foundation announces $170 mln investment to boost women’s economic empowerment

The investments, focussed in India, Kenya, Tanzania and Uganda, are aimed at advancing gender equality, spreading digital financial inclusion, increasing job opportunities, and supporting the agricultural sector

March 05, 2018 / 09:37 PM IST
Bill Gates, Co-Chair of Bill & Melinda Gates Foundation, attends the World Economic Forum (WEF) annual meeting in Davos

Bill Gates, Co-Chair of Bill & Melinda Gates Foundation, attends the World Economic Forum (WEF) annual meeting in Davos

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.”