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Apr
05

Canadian government commits over $873M for blended finance initiatives. Here’s why that’s good news for MEDA.

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According to the United Nations Conference on Trade and Development (UNCTAD), in order to achieve the Sustainable Development Goals (SDGs) by 2030, it will take between $5 - $7 trillion US. On their own, current levels of Official Development Assistance are not enough, resulting in an investment gap in developing countries of about $2.5 trillion.

That’s a challenge. But MEDA, in partnership with Global Affairs Canada, is tackling this issue head on through blended finance.

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Apr
05

MEDA launches GEM Framework to empower women through business growth and impact

Gender Equality Mainstreaming Framework

Women are key drivers of economic growth, engaging in business as consumers, employees, leaders, suppliers and community stakeholders. Yet, women are frequently overlooked and underrepresented in the private sector throughout the world. 2017 marked the first year that the Global Gender Gap – an index measuring 144 countries’ gender disparity in health, education, politics and the workplace – worsened since its inception in 2006 (WEF). Recent events like the #MeToo campaign signal a sea of change for the world, including the corporate sphere. This is good news, since $28 trillion could be added to annual global GDP by 2025 if women participated in the economy at the same level as men (McKinsey, 2015). Businesses and investors who seek to understand and respond to the barriers women face will be rewarded – both in terms of growth and impact. 

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Aug
17

Fostering Employment Opportunities for Libyan Women

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I want to provide more employment opportunities for struggling women and unemployed youth” stated forty-nine year old Faiza Al –Shgair who until June last year (2014) was a single mother struggling to raise her daughters in Tripoli.

Faiza is a graduate of the USAID Libya Women Economic Empowerment (LWEE) project and the winner of one of the matching grants awards. She won USD $13,000 to work on getting her catering business, ‘Almawasm’, running.

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Aug
11

Empowering Women – Changing Lives

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MEDA’s Women’s Economic Opportunities team knows how money in the hands of a woman can change lives. This blog has been created to share the learnings, ideas and the insights from our projects that excite and energize us in our work.

Our team has close to a decade of experience working alongside women producers and entrepreneurs to grow their incomes and businesses. We support them in strengthening their business and leadership skills and help to build social, business and financial networks. To date, we have worked with over 100,000 women and have learned much along the way.

We designed and piloted new methodologies for empowering and connecting women entrepreneurs to markets in Pakistan and Afghanistan. In recent years, we have adapted and expanded our women’s economic empowerment programming into Ghana, Libya, Haiti and Burma (Myanmar). New projects will be starting soon in Jordan and Ethiopia that will challenge us to work at different levels in the market system. We continue to work at innovating new information communication technology (ICT) and appropriate technology solutions for women, and on building our private sector and university partnerships.

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MEDA values the learning that we gain from working with others. Beyond helping us to understand gender relations and socio-cultural dynamics in different country contexts, our work with local and private sector organisations helps to build their capacity in value chain analysis and market based approaches. Strong partnerships ensure that our women’s economic empowerment programming is scalable, replicable and sustainable, and that the learning continues even beyond the life of our projects. I invite you to check in for our monthly posts. We look forward to sharing and learning with you.

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