The European Bank for Reconstruction and Development (EBRD) was granted $22.9 million for its “Women of the Steppe” Women in Business Program in Central Asia. 100% of We-Fi funding will be dedicated to activities in IDA countries including the Kyrgyz Republic, Mongolia, Tajikistan and Uzbekistan. The program takes a holistic approach to tackling demand-side, supply-side, and environmental constraints, thereby sparking systemic change at both the market and firm-levels.
The EBRD was granted $7.36 million for its “Stepping Up for Women” Women in Business Program which aims to rapidly respond to the disproportionate pressures WSMEs face in the context of the ongoing COVID-19 related crisis. The program will deploy innovative solutions for WSMEs that will contribute to (a) improving access to markets through more inclusive supply chains; (b) enhancing competitiveness, growth potential, and access to finance by strengthening their ability to leverage digital technologies and (c) leveraging sex-disaggregated data to inform more effective public and private sector interventions. Program activities will be implemented in Kyrgyz Republic, Mongolia, Tajikistan, Uzbekistan, Egypt, and Morocco.