AUSTRALIA has launched the new phase of its program to help Filipino women entrepreneurs. The program, called Investing in Women, seeks to help accelerate the empowerment of Filipino women in workplace and to invest in women-owned and led businesses.
Prominent gender equality advocates and key stakeholders demonstrate their commitment to advancing women’s economic empowerment in the Philippines as they gathered to celebrate the new phase of Investing in Women. In photo : Dr. Moya Collett, Australia’s Deputy Ambassador to the Philippines; Atty.
“We have different allocations that are working at different parts of the financing system to make sure that a diverse array of women-led businesses get the capital that they need to grow,” Hannah Birdsey, chief executive officer of Investing in Women Project, said in an interview after the launch. It also mobilized P624.89 million in private investment and established the Philippine Business Coalition for Women’s Empowerment.
She cited a 2018 study by McKinsey&Company that the Philippine annual GDP could grow by up to 7 percent if gender equality across all socio-economic group would be advanced. Birdsey said they will partner with the Philippine Department of Social Welfare and Development, as well with impact investment funds that are looking to invest companies, to implement this program.
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