Washington — The World Bank‘s Board of Executive Directors today approved a US$50 million credit from the International Development Association (IDA**) for the Women Entrepreneur Development Project to help open doors for female entrepreneurs in Ethiopia and give them access to appropriate skills and employment opportunities to contribute to the country’s economic growth.
The Bank is committed to help in creating equal access to the necessary resources for both female and male entrepreneurs in Ethiopia so that they can develop their business and generate employment in the country” said Guang Z. Chen, Country Director for Ethiopia.
Major obstacles that hinder the role female entrepreneurs can play in Ethiopia’s economy include limited access to vital resources such as finance, land, training, education, and effective business networks. Particularly, the microfinance institutions in Ethiopia have a low coverage for women entrepreneurs and do not provide suitable financing.
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