BISHKEK, Kyrgyzstan, October 28. The European Bank for Reconstruction and Development (EBRD) and the National Bank of Kyrgyzstan have signed a Memorandum of Understanding (MoU) for the Women Entrepreneurs (WE) Finance Code, Trend reports via the EBRD.
On the sidelines of the World Bank-IMF Annual Meetings, they signed the document.
The WE Finance Code seeks to create a more inclusive financial system by enhancing access to financing for women-led businesses. By promoting a gender-inclusive data environment, the initiative aims to support evidence-based policymaking and develop more tailored financial products and services.
“Gender equality is a cross-cutting theme at the EBRD, integral to our policy work and investments. We are thrilled to sign this MoU with the National Bank of the Kyrgyz Republic to advance the WE Finance Code,” Mark Bowman, the EBRD's Vice President for Policy and Partnerships, said.
As of today, the EBRD has invested 996 million in Kyrgyzstan across 248 projects, with the majority of these funds aimed at supporting private enterprise.
Stay up-to-date with more news on Trend News Agency's WhatsApp channel